Are Colleges becoming more or less Competitive?
by Lull Mengesha on Oct.28, 2009, under Blog
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A recent article does a good job of getting rid of a few myths in education. Why schools are becoming more competitive and how the average acceptance for students is going up. Caroline Hoxby an economist at Stanford University finds that as many as half of colleges have become less competitive over time.
“Typical college-going students in the U.S. should be unconcerned about rising selectivity. If anything, they should be concerned about falling selectivity, the phenomenon they will actually experience,”
Caroline even looks at the differences from decent students to sub-par and their ability to get into college with results that show that both segments have an easy time getting into college since the 70′s.
What she found was that in 1967, the lowest selectivity colleges spent about $3,900 per student and the highest selectivity colleges spent about $17,400 per student. Since then, the lowest selectivity figure has increased to about $12,000 per student and the highest selectivity institutions’ resources have hit about $92,000. (Those institutions in the middle on selectivity have increases in the middle.) Those figures translate into an “average annual growth rate of real resources per student” of about 7 percent at the least selective colleges and about 13 percent at the most selective colleges.
What I personally took away from this article is that students across the board will be receiving a better education all around. Even if they are going to Universities and Colleges that are not as well equip as prestigious Universities.
