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A Guide to Measuring College Costs

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  • Winston, G.C.

Abstract

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.

Suggested Citation

  • 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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    File URL: http://sites.williams.edu/wpehe/files/2011/06/DP-46.pdf
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    References listed on IDEAS

    as
    1. Rothschild, Michael & White, Lawrence J, 1995. "The Analytics of the Pricing of Higher Education and Other Services in Which the Customers Are Inputs," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 573-586, June.
    2. 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.
    3. 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.
    4. Gordon C. Winston, 1991. "Organizing Economic Information for Colleges and Universities: An Alternative to Fund Accounting," Williams Project on the Economics of Higher Education DP-15, Department of Economics, Williams College.
    5. Gordon C. Winston & Yen, I.C., 1995. "Costs, Prices, Subsidies, and Aid in U.S. Higher Education," Williams Project on the Economics of Higher Education DP-32, Department of Economics, Williams College.
    6. Gordon C. Winston & Ethan G. Lewis, 1997. "Physical Capital and Capital Service Costs in U.S. Colleges and Universities: 1993," Eastern Economic Journal, Eastern Economic Association, vol. 23(2), pages 165-189, Spring.
    7. Gordon C. Winston, 1996. "The Economic Structure of Higher Education : Subsidies, Customer-Inputs, and Hierarchy," Williams Project on the Economics of Higher Education DP-40, Department of Economics, Williams College.
    8. Gordon C. Winston, 1993. "Maintaining Collegiate Wealth: Global Accounts, Fund Accounting, and Rules of Thumb," Williams Project on the Economics of Higher Education DP-22, Department of Economics, Williams College.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    EDUCATION ; COSTS;

    JEL classification:

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

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