RE: NYTimes.com: College May Become Unaffordable for Most in U.S.

["Jim Jordan" <jj2143@columbia.edu>]

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: owner-liblicense-l@lists.yale.edu
[mailto:owner-liblicense-l@lists.yale.edu] On Behalf Of Thomas Krichel
Sent: Thursday, December 04, 2008 3:50 PM
To: liblicense-l@lists.yale.edu
Subject: Re: NYTimes.com: College May Become Unaffordable for Most in U.S.

nawin.gupta@comcast.net 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