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A Guide to Measuring College Costs


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  • Winston, G.C.


This paper reviews the major conceptual and practical problems that emerge in estimating the cost of producing a year of undergraduate education. The three major areas discussed are the complicated issues in estimating the yearly cost of physical capital, the treatemtn of student financial aid, and the cost allocation problems inherent in separating out those costs generated by undergraduate education in a complicated "multi-product" university.

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Bibliographic Info

Paper provided by Department of Economics, Williams College in its series Williams Project on the Economics of Higher Education with number DP-46.

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Length: 21 pages
Date of creation: 1998
Date of revision:
Publication status: Published in New Directions for Institutional Research, No. 106, Summer 2000, pp. 31-46.
Handle: RePEc:wil:wilehe:46

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  1. Gordon C. Winston & Lewis, E.G., 1996. "Physical Capital and Capital Costs in US Colleges and Universities: 1993," Williams Project on the Economics of Higher Education DP-35, Department of Economics, Williams College.
  2. Ethan G. Lewis & Gordon C. Winston, 1997. "Subsidies, Costs, Tuition and Aid in US Higher Education," Williams Project on the Economics of Higher Education DP-41, Department of Economics, Williams College.
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