IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v80y2021i1p113-131.html
   My bibliography  Save this article

The Crisis in Public Higher Education: A New Perspective

Author

Listed:
  • Richard J. Cebula
  • James V. Koch

Abstract

Public higher education in the United States is being challenged, as never before, by numerous conditions that need to be addressed if the public college and university systems are to survive and fulfill their responsibilities to the American public. Student enrollment at these institutions has been on a significant downward trend for a full decade. There has been a discernible decline in the esteem with which the American public holds higher education. There are numerous dimensions to this phenomenon. In this brief article, we focus on only three dimensions of the problem: escalating college costs; mounting student debt; and the failures of boards of trustees to act as fiduciaries representing the interests of students, parents, and citizens. Once we address these issues broadly, we offer feasible solutions that could improve the circumstances surrounding public higher education and enable it to chart a new course.

Suggested Citation

  • Richard J. Cebula & James V. Koch, 2021. "The Crisis in Public Higher Education: A New Perspective," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(1), pages 113-131, January.
    • Handle: RePEc:bla:ajecsc:v:80:y:2021:i:1:p:113-131
    DOI: 10.1111/ajes.12373
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/ajes.12373
    Download Restriction: no
    File URL: https://libkey.io/10.1111/ajes.12373?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Olivier Armantier & Luis Armona & Giacomo De Giorgi & Wilbert Van der Klaauw, 2016. "Which Households Have Negative Wealth?," Liberty Street Economics 20160801, Federal Reserve Bank of New York.
    2. Brent W. Ambrose & Lawrence R. Cordell & Shuwei Ma, 2015. "The impact of student loan debt on small business formation," Working Papers 15-26, Federal Reserve Bank of Philadelphia.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cox, James C. & Kreisman, Daniel & Dynarski, Susan, 2020. "Designed to fail: Effects of the default option and information complexity on student loan repayment," Journal of Public Economics, Elsevier, vol. 192(C).
    2. Wenhua Di & Kelly D. Edmiston, 2017. "Student Loan Relief Programs: Implications for Borrowers and the Federal Government," The ANNALS of the American Academy of Political and Social Science, , vol. 671(1), pages 224-248, May.
    3. John Mondragon & Janice Eberly & Gene Amromin, 2017. "The Housing Crisis and the Rise in Student Loans," 2017 Meeting Papers 369, Society for Economic Dynamics.
    4. Armantier, Olivier & Foncel, Jérôme & Treich, Nicolas, 2023. "Insurance and portfolio decisions: Two sides of the same coin?," Journal of Financial Economics, Elsevier, vol. 148(3), pages 201-219.
    5. Philip Armour & Melanie A. Zaber, 2020. "Does Student Loan Forgiveness Drive Disability Application?," NBER Working Papers 26787, National Bureau of Economic Research, Inc.
    6. Karthik Krishnan & Pinshuo Wang, 2019. "The Cost of Financing Education: Can Student Debt Hinder Entrepreneurship?," Management Science, INFORMS, vol. 65(10), pages 4522-4554, October.
    7. Wenhua Di & Carla Fletcher & Jeff Webster, 2022. "A Rescue or a Trap?—An Analysis of Parent PLUS Student Loans," Working Papers 2217, Federal Reserve Bank of Dallas.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:80:y:2021:i:1:p:113-131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.