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RE: NYTimes.com: College May Become Unaffordable for Most in U.S.
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- Subject: RE: NYTimes.com: College May Become Unaffordable for Most in U.S.
- From: "Jim Jordan" <firstname.lastname@example.org>
- Date: Fri, 5 Dec 2008 16:51:13 EST
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A painful observation but I question the conclusion. With some university departments relying on endowment income for up to 50% of their operating costs, I'd say the deeper hits are elsewhere. Academic publishers on the average have gotten by for many years on 10% or less of their operating costs coming from university subsidies or endowment income. It won't be easy for any of us. James D. Jordan President and Director Columbia University Press 61 West 62nd Street New York, NY 10025 212-459-0600 ext 7118 -----Original Message----- From: email@example.com [mailto:firstname.lastname@example.org] On Behalf Of Thomas Krichel Sent: Thursday, December 04, 2008 3:50 PM To: email@example.com Subject: Re: NYTimes.com: College May Become Unaffordable for Most in U.S. firstname.lastname@example.org writes > EDUCATION | December 03, 2008 > College May Become Unaffordable for Most in U.S. > By TAMAR LEWIN > > Tuition and fees increased 439 percent from 1982 to 2007, while > median family income rose 147 percent. After the stock market bubble, the housing bubble, this is the next bubble to burst. Colleges will have to cut cost, and libraries (and the academic publishing sector), will be among the hardest hit. Cheers, Thomas Krichel http://openlib.org/home/krichel RePEc:per:1965-06-05:thomas_krichel skype: thomaskrichel
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