Until traditional colleges can find a way of scaling (catching supply up with demand) without diluting the product (degree inflation) tuition at traditional colleges will continue to escalate. I was just reminded of this truth in reading an article focused on the new legislation for nurses getting their Bachelors.
“The University of Phoenix, which enrolls 6,675 students in its R.N. to B.S.N. program, says it does not feel at all threatened by its new nonprofit competitors. Supply is so out of proportion with demand that everyone stands to grow, says Angie Strawn, associate dean of the university’s nursing school.”
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