It's tough to get rich saving the world, and graduates committed to social justice have a hard time competing in earned income with their counterparts who study, say, engineering, math and computer science.
While we can't hold tuition and fees at a standstill forever, we continue to study and explore cost-saving measures in other areas we can pass on to our students. At Texas Tech, this is an ongoing process, a year-round approach that keeps us ahead of this annual issue.
As we gaze into the future, the direction of higher education is likely to be more about the whole produced by the sum of its parts. No one type of learning will predominate. It is likely, however, that higher education will move toward a blended platform.
While this seems daunting, I will share an easy and painless way that I saved $2000 for Chloe in less than one year. You may expect me tell you to cut out your Starbucks, fine dining and travel, but I will actually tell you to do the opposite.
When choosing a college, remember that tuition cost shouldn't be the only way to calculate the value of your degree -- investing in schools with better internships, contacts or special programs can help you continue to build wealth years after you graduate.
If you are finding it difficult to keep up with the changes in college tuition, seek out programs that meet your needs and will help make sure you can find a college that is a good value for your child.
Despite the resistance it is clear that as we move forward, quality and innovation will need to be achieved through redeployment of existing resources, restructuring the ways we deliver our programs and administrative services, and collaborations.
By changing the course of the conversation -- by taking a more complex look at what today's college student actually looks like and what students need -- we can change the way education is viewed, delivered, and received.
I come from a long line of Takers, in the strict sense of the (idiotic) term. My grandparents, on both sides, came to this country from eastern Europe, in steerage. They lived in the Bronx -- my much maligned New York City borough -- and worked hard all their lives.
So, what's the solution? Measure nothing and continue to see our college graduates move back home with their parents after school under a mountain of student-loan debt? Know yourself? How about support yourself?
What I recommend to students is to create their own ranking. They should start by writing down what their top wants for a college are such as major, location, size, internships, ability to participate in sports, international study, etc.
In the current debates raging about the cost of a college degree, several unspoken but important points of agreement among parents, professors and politicians have been overshadowed and overpowered by our disagreements.
A report submitted to the American Association of University Professors (AAUP) details shocking statistics regarding faculty salaries, which have been largely stagnant in recent years, failing to even keep up with the rate of inflation.
If the alternatives are spending a little time to receive the financial aid to which you are entitled or putting yourself into debt to avoid paperwork, it seems that applying for financial aid makes much more sense.
Higher education costs are not soaring out of control. What is changing is the politically-charged matter of who should bear the cost -- the general taxpayer or the individual student. There is a policy choice tucked away here behind the overall numbers, and a rather ugly one at that.