You would think that as enrollment is going up, costs would be coming down. Of course, the opposite is actually happening.
You would also think the quality of the education experience would go up as well. Not so.
“A new working paper from the National Bureau of Economic Research shows that higher education in America is changing in more ways than one. Colleges and universities are increasingly hiring adjunct or part-time faculty instead of full-time professors, according to economists Liang Zhang, Ronald Ehrenberg, and Xiangmin Liu. Since 1993, the part-time share of faculty at four-year universities has risen from 30 percent to 38 percent, while full-time professors’ ranks have fallen from 60 percent to 51 percent.
“Private institutions now employ part-time faculty and full-time professors in equal proportions. The less-flexible nature of public universities keeps full-time professors in the majority, but the trend is still clear. Adjuncts are rapidly becoming the new normal.
“Just 59 percent of students at four-year colleges graduate within six years, and 44 percent of those who do will not find a job that requires a college degree. The boost in part-time professors has not helped matters, and may have made things worse by drawing students into career paths for which they are not suited. It is perfectly possible that this phenomenon is at least partially responsible for the underdevelopment of American college students’ potential.”
Source: Colleges Cheapen Instruction as Enrollment Booms | Economics21