Premium Essay

Public vs Private Institutions

In: English and Literature

Submitted By mfielden
Words 825
Pages 4
This article first touches on the huge raise of the cost of assets such as income, housing, a car, and tuition since 1974. The increase has been immense in just the past 41 years. Following this, the article analyzes the business aspects of higher education, stating that the success of the economy is greatly reliant on the success on students in their schooling. “Workers with more education are more productive, which makes companies more profitable and the overall economy grow faster.” (Adam Davidson, “Is College Tuition Really Too High?”) This is basically saying that without a higher education, the general success of an individual is hindered. Although, this hindered success is largely a result of such previously named cost increases. Tuition has risen faster and higher than inflation has over the years, “the higher the prices that schools charge, the more options they have in recruiting exactly the students they want.” (Adam Davidson, “Is College Tuition Really Too High?”) With seemingly less accessible education though, such as in elite private institutions which are much more costly with lower acceptance rates, higher graduation rates become a result. This is because the students that are granted entrance into these elite schools are more dedicated to their education than the provided statistics of those in public schools concerning the percentage that gradate in four years or graduate at all. “The enormous financial value (and cultural currency) of the product they are selling, an elite credential, is well understood. Nearly everybody admitted to these schools graduates within four years.” (Adam Davidson, “Is College Tuition Really Too High?”) With the higher pricing of tuition at elite institutions comes with higher spending on their students and their education which contributes notably to their success rates as well, which is not always recognized....

Similar Documents

Free Essay

Public vs Private Universities

...Sellers English IV November 18 2013 Public vs. Private All high school seniors nationwide and even some juniors have heightened responsibility and many more difficult decisions to make. One of the main decisions is deciding on a plan for schooling after finally throwing their caps in the blue sky on graduation night. When considering and picking the most comfortable university for the student, there are many different factors to think long and hard about: seeing if the school offers the major of their choice or something that is of interest to them, deciding on a comfortably located university that fits each student's living situation perfectly, signing up and acquiring financial aid, and deciding on a public or private university. One of the factors mentioned should not be a factor at all. Students should not have to worry about struggling to afford a supposedly better education at a private instution versus a public institution. The major difference between private and public institutions is how they are funded and how they use their funds. (Public University vs. Private College) Public insitutions were mostly founded by state governments as early as the 1800s. (Public University vs. Private College) Because most public universities are founded by public funds, the tuition is significantly lower. This is where public and private institutions differentiate. Private universities rely mostly on tuition and private contributions for funding. (Public University vs....

Words: 514 - Pages: 3

Free Essay

Enrolment Decisions: Factors Influencing Students in Selecting Higher Educational Institution

...Factors such as cost and the availability of financial aid are universally important at all types of institutions. However, other factors can vary widely by institution type, demographics, class level, and whether the student enrolled at his or her top choice. Every year, hundreds of campuses administer the Noel-Levitz Student Satisfaction Inventory™ (SSI) to their students. In addition to more than 70 items rated for importance and satisfaction on the general student experience, the SSI includes nine items that address factors in a student’s decision to enroll. During the fall of 2011, more than 55,000 students from more than 100 public and private fouryear and two-year institutions completed the SSI. These students rated the factors to enroll items on a scale of one (meaning not important at all) to seven (very important). This report details the responses from the nationwide pool of data. In particular, this report has a special emphasis on the nearly 22,000 first-year students who responded in order to see which items scored higher with ratings of important or very important (a ranking of six or seven on the answer scale). Comparisons with upperclass students and between students at their first-choice institution versus those attending their second- or third-choice institution are also provided. In addition, the report highlights trend results in enrollment factors as originally reported in our recent 15-year satisfaction trend reports....

Words: 5326 - Pages: 22

Free Essay

Term

...Peng Chapter 2 Understanding Formal Institutions: Politics, Laws, and Economics Wade C. Roberts, Ph.D. Education: Economics Doctorate, University of Utah Expert Fields: Development, Labor, Public, Health, Gender, Forensic Economics Current Research: Microfinance, Poverty & Socioeconomics in Cambodia “The Success and failure of firms around the globe are determined by firms’ ability to understand and take advantage of the different rules of the game”. Understanding Institutions… • What is an institution? • “The humanly devised constraints that structure human interaction” • Douglass North (Nobel Laureate) Understanding Institutions… • Institutional Framework • Formal and informal institutions governing individual/firm behavior. • Supported by three pillars: • Regulatory • Normative • Cognitive Understanding Institutions… • Regulatory Pillar (formal) • Coercive power of governments • Laws, regulations, rules • Normative Pillar (informal) • The values, beliefs and actions of a group (emotions) • Cognitive Pillar (informal) • Internalized values and beliefs that guide behavior • Culture & Ethics (logic) • How do these pillars shape behavior? Understanding Institutions… • What is the KEY ROLE of an institution? • Reduce Uncertainty! • Institutions constrain the range of acceptable actions. • Uncertainty surrounding economic transactions can lead to transaction costs....

Words: 1425 - Pages: 6

Premium Essay

Private Sector Study on Education

...E d u c at i o n c E n t E r o F E x c E l l E n c E w w w. p a r t h e n o n . c o m Parthenon Perspectives Private Sector Post-Secondary Schools — Do They Deliver Value to Students and Society? www.parthenon.com The Debate Surrounding the Private Sector’s Role in Post-Secondary Education Recently, U.S. private sector post-secondary education providers have come under intense legislative, regulatory, political, and press...

Words: 2557 - Pages: 11

Premium Essay

Introduction to Capital Markets

...(2) Corporate Finance and public finance (often referred to as investment banking) advising corporations and governments on their financing needs, including the underwriting of securities, on their merger and acquisition activities, or on their restructuring. Securities and capital markets divisions Clients are usually * Institutional investors, corporates or public entities, not private clients; * Mutual funds asset managers; * Pension Fund asset managers; * The insurance companies; * Private Banks; * Hedge Funds; * The treasury departments of large banks or large companies. Capital markets divisions * Equity division: equity research, equity sales, equity trading on cash, flow derivatives and structured products * FIRC or FICC (Fixed Income, currencies and derivatives): * Fixed income cash products, interest and credit derivatives, structured products; * FX: all currency transactions, from plain vanilla spot currency trades to sophisticated derivatives; * Commodities. Investment banking divisions * M&A (Mergers and acquisitions); * Advising on and underwriting securities issues; * Advising on restructurings. Clients are usually government/public bodies, corporates (quoted and...

Words: 3043 - Pages: 13

Premium Essay

Public Organisations Should Be More Business-Like

...Public organisations should be more business-like. Introduction There is no lacking of support in the society advocating that public organisations should be heading towards into a manner that is more business-like, in other words, to adopt the business model that private companies operate. However, there are also people in the public suggests that the public sector should keep its operating model for public and private organisations are operating to achieve different goals in the society. This article is aimed to examine whether organisations in the public arena should be run more business-like through situational examination, literature reviews and detail market analysis. In this paper, the author will discuss the difference between the public sector and the private companies in terms of business objectives, the uniqueness of public services offer by the public sector before the discussion of whether public organisations should run more business-like. Public Sector Vs Private companies By their very nature, public and private sector businesses are very different organisations operating to fulfil different objectives. The public sector has public accountability and therefore institutions in this sector is usually are owned and operated by the government. Organisations operate in the public sector, for example, the Royal New Zealand Police is under a mandate to provide a public service to safeguard the safety and wellbeing of the residents in New Zealand....

Words: 1207 - Pages: 5

Free Essay

Uuuuuuuuuuuuuuuuuu

...Specific Objectives: To attain the broad objective following specific objectives were pursued: * To attain the knowledge about higher education in Private Universities of Bangladesh * To have better idea about the quality of education in Private Universities of Bangladesh. * To find out the major problems relating to the management of Private Universities of BD. * To acquire in depth knowledge about the general marketing strategy and promotional activities of Private Universities of Bangladesh. * To identify the Strengths, weaknesses, opportunities and threats...

Words: 937 - Pages: 4

Premium Essay

Sociology

...Currently, the nation provides direct government funding and Governor Romney is in favor of giving private banks and institutions the responsibility to provide student loans to those in need. Many people are deeply concerned with the issue at hand. Private Institutions vs. Government Disbursement The educational reform is a debate that is widely argued between the two presidential candidates. The current system of how student loans are disbursed in the United States is not perfect, but it is working. Both candidates are in favor of receiving higher education, but differ on how individuals should pay to learn. Throughout the presidential debates both candidates took a firm stand as to where they both stand on the topic of student loans and government funding. College tuition costs are increasing at a rapidly linear rate each and every year. The problem is college students today are taking on the burden of steep student loans and left without a job upon graduation. The average annual cost to attend a four-year institution is roughly $35,000. Some private institutions will run a tab of $50,000 annually. With rising tuition cost government funding is necessary for students to pay for school. Obama & Romney Plans President Barak Obama believes that providing direct financial assistance with as low of interest rates as possible will encourage the citizens of our country to receive a higher level...

Words: 1429 - Pages: 6

Premium Essay

Private vs Public Education

...PRIVATE EDUCATION VS PUBLIC EDUCATION Who is to say which is better when it comes to the most effective and safest education for a child, private or public school system? Many parents find themselves caught in a dilemma when trying to decide on which choice of education for their children. They ask themselves whether to take their children to private schools or public schools. For a parent to choose the ideal school for their children they always have to take into consideration all the available options. They consider things like the cost of the school, how much time they will invest as a parent, the social impact that the school have on their children based on the specific need of their children as well as the family. Private schools offer the best option for the parent who is in need of better and quality education for their children. Private schools have a nearly perfect graduation rates which market them a great deal. Their performance is better as compared to the public schools. This is evident in SAT scores used by CAPE in 2003 in demonstrating the positive impact that the private schools have. The average for private schools SAT verbal nationally was 507, and math was 519, while for public schools the average verbal was 504 and math 516. When it was broken down further, private schools which are religious affiliated have average SAT verbal of 535 and math 530....

Words: 1444 - Pages: 6

Free Essay

Citizenship: the Compromise of Equality and Freedom

...He also says that “all do not have the right to play an active role in the formation of public authorities; all are not active citizens. Women (at least at the present time), children, foreigners, and those others who contribute nothing to sustaining the public establishment should not be allowed to influence public life actively” (Wallerstein pg.3). Through this quote Wallerstein specifies which people citizenship excludes by...

Words: 1067 - Pages: 5

Free Essay

“How Far Is It Permissible Under the Constitution for the State to Control and Regulate Admission and Fee in Private Unaided Educational Institutions?”

...Vs. State of Karnataka and Ors.[3] Despite the sincere efforts made by the Supreme Court to clarify the doubts and to answer the questions which had arose subsequent to the Pai Foundation case, the Islamic Academy case had its own lacuna and failed to serve the said purpose. Finally, in 2007, another bench of...

Words: 11403 - Pages: 46

Free Essay

A Cross-Cultural Comparison of Learning and Teaching Styles in Germany and Brazil, and the Influence of Cultural Values

...In order to conduct these comparisons, I will use Hofstede’s cultural dimensions of Power Distance – referring to the power distribution in our societies - and Individualism vs. Collectivism – the degree of integration of each country into groups - to explain our behavior patterns and opinions in each subject. In order to do that I divided this work into subgroups to better explain each point examined. The first one will be a comparison between the educational systems highlighting how they work, the second will explore the learning process and interaction between teacher and students in a classroom, following by...

Words: 3486 - Pages: 14

Premium Essay

Ethics Paper

...Running head: Charter schools vs. Public schools Charter vs. Public Schools Stan Rodrigues Warner Pacific College Abstract I have chosen to write about the differences between charter schools and the public education system. I have been working in the education field for the last eight years. I personally grew up attending private schools until halfway through my freshman year when my parents moved me to Oregon, at which point I began public high school. I immediately began to notice differences. Private schools taught at a higher education level. There was no basic level of education there was only college prep or honors. At Redmond High School there was general education, college prep, then honors. I noticed that it seemed like they were more concerned about moving you on and out of the high school than actually knowing whether you learned anything or was prepared to deal with the outside world. I felt more like a number than an attending student. This exact feeling brings me to where I am now. I have kids and I am not so sure that they are getting the best education possible. My older son had learning disabilities and has been through several programs prior to the fifth grade. He had a teacher who was willing to give him extra attention and all of a sudden by the end of the year he was at level in many areas. He is now in high school and although struggles sometimes he has a great GPA and is proceeding on a college course....

Words: 1334 - Pages: 6

Free Essay

History of Human Services

...(Almshouses.org website) In our text, we read that in the United States, human services were established and modeled according to the Elizabethan Poor Law of 1601, and that the first principle laid down in the colonies defined poor relief as a public responsibility. Another principle stipulated that people would be denied support if they had family members who were not poor, i.e., parents, grandparents, adult children, or grandchildren. (Woodside, p. 33) This entire subject area is fascinating. Early Peoples Recorded In History In researching “human services from the early peoples recorded in history” we can go back pretty far. Human services,...

Words: 3058 - Pages: 13

Premium Essay

The Function of Financial Markets

...TOPIC  7  –  FINANCIAL  MARKETS   Eco 304L   Fall  2014   Topic  6  –  Financial  Markets   The  Financial  System  -­‐  How  Businesses  Finance   Themselves   Saving  and  Investment  (National  Income   Accounting  Redux)   Ricardian  Equivalence  and  Temporary  vs.   Permanent  Taxt  Cuts   The  Market  For  Loanable  Funds  –  Modeling   Financial  Markets     1   Topic  6  –  Financial  Markets   The  Financial  System  -­‐  How  Businesses  Finance   Themselves     The  Financial  System   The  Pinancial  system  is  made  up  of  !inancial   institutions  that  bring  borrowers  and  lenders   together   ¤  Financial  markets:    institutions  through  which   borrowers  and  lenders  come  together  directly   ¤  bond  markets   n  stock  markets   n  ¤  Financial  intermediaries:    organizations  that   interact  with  borrowers  and  lenders  separately  and   bring  them  together  indirectly   banks   n  mutual  fund   n    2   Financing  a  company   ¨  How  can  a  company  raise  funds?   Self-­‐!...

Words: 1610 - Pages: 7