>> How does one measure "value and efficiency" of college education?
>
>
> Hoever you do it, they could be made to go up by cutting enrollment in
> half.
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I think you're missing the dog whistle here. For the "colleges should
be run like a business" types, efficiency is just cost per student.
Given that salary and benefits are about 80% of the budget at most
colleges, it is pretty obvious what a college must do to "increase
efficiencies." --And cutting enrollment won't generate any
efficiencies, because that won't lower the cost per student. In fact,
if a college cut enrollment drastically, the lowest paid instructors
(adjusts and contingent lecturers) would be laid off first, a higher
proportion of classes would be taught by highly paid tenured faculty,
and the cost of education per student would substantially increase.
Miles