A Low-Cost Model of Higher Education

Christian Schierenbeck ()

Chapter Chapter 5 in Fixing Higher Education, 2013, pp 67-82 from Springer

Abstract: Zusammenfassung Chapter 4 offered a compelling strategic rationale for institutions of higher education to trim educational costs. This chapter discusses concrete practices designed to help academic managers cut one of the two main components of educational costs – costs to the institution. (The other main component – the opportunity cost of time – will be the subject of chapter 6.) The first section of this chapter portrays the rise of low-cost business models across different industries. The second section highlights wasteful spending by traditional institutions of higher education. The final section suggests specific ways for institutions to deliver low-cost educational services.

Keywords: High Education; Faculty Member; Traditional Institution; Academic Manager; Educational Impact (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-00213-8_5

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DOI: 10.1007/978-3-658-00213-8_5

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