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A Guide to Measuring College Costs


  • 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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  • Winston, G.C., 1998. "A Guide to Measuring College Costs," Williams Project on the Economics of Higher Education DP-46, Department of Economics, Williams College.
  • Handle: RePEc:wil:wilehe:46

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    References listed on IDEAS

    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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    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid


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