Below are the averages costs, instructional expenses per student and instructional expenses as a proportion of cost for public, private, non-profit and private for-profit universities in the U.S. in 2007/08. (Source: The Condition of Education 2011, National Center for Education Statistics, US Department of Education)
One thing’s for sure – private for-profit higher education is where it’s at, if your main goal is to make money and lots of it. Just ask most of the nationally accredited schools that are raking it in in Vietnam, along with the black sheep of the US higher education family, rogue providers (i.e., unaccredited schools).
I wonder what this picture would like in Vietnam (he asks rhetorically)? I’ll go out on a limb and say a similar pattern with perhaps a greater return on investment (ROI).
Average Total Cost for One Year of Education (2007-2008):
- Public University: $15,600
- Private Non-Profit University: $26,600
- Private For-Profit University: $30,900
Instructional Expenses Expenditures Per Student (2007- 2008):
- Public University: $9,418
- Private Non-Profit University: $15,289
- Private For-Profit University: $2,669
Instructional Expenditures as a Proportion of Cost (2007- 2008):
- Public University: 60.4%
- Private Non-Profit University: 57.5%
- Private for Profit University: 8.6%
Thanks, Den. 🙂