College costs have been on the rise for years and are showing no sign of stopping the continuation on their upward trajectory. Moreover, a growing number of students are graduating from both public and private institutions with insurmountable debt. Case Western Reserve University student organization Young Americans for Liberty is hosting an event Friday, Oct. 12 that will address the issue directly.
“Why College Costs Too Much” is an event that will feature renowned professor of economics Dr. Richard Vedder from Ohio University in Athens, Ohio to speak directly to the increases in college costs.
Dr. Vedder is an adjunct scholar at the American Enterprise Institute, a conservative think tank, and a senior fellow at the Independent Institute, a libertarian think tank.
Formerly appearing on PBS News Hour, Dr. Vedder is noted for his strong beliefs on how college as an institution has changed in recent history.
According to an article by the American Enterprise Institute, Dr. Vedder supports the cut of non-educational programs at colleges and increasing professor class loads, among other things.
In a statement to The Observer, YAL outreach director Matt Hively said, “For students who are attending a university that is nearly $60,000 per year, attending this event will allow them to understand the reasons why the price of colleges and universities have skyrocketed.”
“This would be a great opportunity for students to listen to Dr. Richard Vedder as he expatiates about this crisis. Students should drop by this event, because it will be an excellent opportunity for them to ask Dr. Richard Vedder their questions about the tuition bubble,” he continued.
YAL President Victoria Granda emphasized the importance of rising college costs as they pertain to CWRU students. “This is an issue that directly affects students and they deserve to know as much as possible about it.”
She attributed the situation to other major recent events when she said, “The college tuition bubble is much like the housing bubble that led to the recent crisis. Easy government loans and subsidies lead to high prices, causing students to take on more debt.”
“This bubble, like the last, will eventually pop and seriously affect the economy. We want students to see the full picture: the causes, problems, and solutions.”
“Why College Costs Too Much” will begin at 6:30 p.m. in the 1914 Lounge in Thwing. Pizza will be provided to those in attendance.