The Rising Cost of Higher Education

The escalating cost of higher education raises questions about its value, particularly as tuition fees have increased significantly over the past few decades. For many students, like those at Purdue University, financial aid, grants, and scholarships are crucial for making college accessible. Mitch Daniels, the former governor of Indiana and current Purdue president, notes that the perception around college tuition is changing, with increasing consumer resistance leading to a demand for better value. This shift is prompting a reevaluation of traditional pricing models in higher education, and some institutions are beginning to close or downsize as they struggle to adapt.