I heard someone recently say if you thought the "housing bubble" was tough, wait for the "higher education bubble." It's gonna be worse. This graphic helps explain the situation. (Note: Even though I'd like to see a graphic like this include sources for the data, I do believe that the general message (or messages) in it are true and accurate.)
Go to this link (sorry, I can't paste the full graphic here without it getting chopped off).
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I have a real problem with the data presented. They write "the total average annual instruction cost per student is $1,456".
They then state that the colleges receive a total of $15,000 to educate students.
What is being left out of the $1,456 - that is a ridiculously low number. I think they are playing with the use of the word "instructional".
Isn't it between 13,000 to 15,000 average cost to educate a Ridgewood student for a year?
As I mentioned, I wish they had stated where they got the data for the infographic. Defining some of the terms, like "instruction cost per student" would be good, too.
But I think the gap between how much instruction actually costs, and the revenue colleges take in, is one of the points of the graphic.
Yes that is the rough cost to educate students in Ridgewood.
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