“Comparatively low tuition does not absolve the Board of Regents of its oversight responsibilities.”
It ain’t Shakespeare, but it sounds like poetic justice.
That is most likely true, and irrelevant.
The University of Utah’s tuition website cites studies published by The Economist and the Brookings Institution showing its high national rankings for value, something generally measured by how well graduates are doing in relation to the cost of their education.
But then, this is like saying the mountains in Utah are low compared to those in Washington state or Japan. To the average person, they all present challenging climbs, just as the average person struggles to mount the costs of obtaining a college degree.
At the University of Utah, tuition and fees this year are estimated at $8,382 for residents of the state, and $26,298 for non-residents. Add in the cost of housing and the totals jump to $18,696 and $36,612, respectively.
For a student with limited work experience, or even for his or her parents, that can look, for lack of a better word, daunting.
Daunting doesn’t equal impossible, of course, especially with student loans readily available. But loans provide only temporary relief from a real problem, while adding many more problems along the way.
While you’re worrying over federal budget deficits, the national debt and consumer credit debt (and if you’re not worrying about this, you should be), you may add this to the list:
Americans owe a combined $1.5 trillion in student loans, and the number is growing.
A recent report published by two divergent groups, the Association of Young Americans and AARP, found that this debt affects every generation from young to old. Because of it, people are waiting to buy homes, putting off health care needs and having to tell family members in need that they really can’t help right now. They also are waiting to save for retirement, a ticking time bomb sure to overburden social institutions eventually.
The website everythingfinanceblog.com added to this list delays in marriage and child-bearing. Some students are choosing two-year institutions as affordable stepping-stones because they can’t quite bear the costs of a university, and some low-income families may see college as simply out of reach.
That last one is particularly important, considering a bachelor’s degree is becoming a basic requirement for a life of decent earnings.
Against this backdrop, it isn’t enough merely to offer tuition that is less than that of some other institutions. That seemed to be one of the points of the audit, which was highly critical of how the Board of Regents arrives at its decisions about tuition hikes.
In short, it’s unclear how those decisions are made.
The Council of Presidents, whose members are the presidents of public colleges and universities, comes up with recommendations for annual spending increases to cover inflation and compensation, which are forwarded to the Board of Regents for approval. But the council doesn’t take minutes of its meetings. The regents don’t even attend. Few people seem to ask many questions before approving the increases, which are supposed to be covered 75 percent by legislative appropriations and 25 percent by tuition.
The resulting tuition increases have been applied evenly to all institutions without regard to the needs of individual schools, the audit said. As a result of this complicated system, tuition has risen a collective $131.7 million over the last five years, “almost three times what was needed to meet the legislative compensation match.”
I’m not going to pretend it’s not expensive to run a university. If the costs aren’t covered by tuition, they will be covered by other things, such as the involuntary contributions of taxpayers.
Nor will I pretend these institutions aren’t important to the state, its economy and its people.
But we shouldn’t downplay the need for careful, data-driven and fully transparent decision-making, either.
Given what it costs these days to buy something essential to a prosperous life, Utahns deserve that much.