From Inside Higher education, November 2008

[…]The paper, “The Costs of Failure Factories in American Higher Education,” posits that American colleges and universities have thus far largely gotten a free pass from politicians and policy makers despite the fact that “the low high school graduation rates that have long been decried as a failure of America’s education system are mirrored in even lower college graduation rates,” writes Schneider, a distinguished professor of political science at the State University of New York at Stony Brook.

Comparing American higher education unfavorably to its peers internationally as well as to U.S. high schools, he zeroes in, particularly, on about 408 four-year institutions that graduate fewer than one third of their students, and calculates the cost of those “failure factories,” as he calls them, at about $770 million in federal grant aid and lost tuition payments, to the government and families. How much longer, he asks, can the country abide such poor performance? [read more here]

Link: The Costs of Failure Factories in American Higher Education