The dramatic rise in college tuition costs is due to the ways in which they organize and allocate resources--not lavish university facilities and extra student services. The real levers for increasing efficiency include rethinking student-faculty ratios, eliminating under-enrolled programs, and trimming unnecessary administrative positions.

Vance Fried explains what decision makers should know to rein in the cost of collage

With the cost of college rising every year, higher education alternatives such as for-profit providers have grown exponentially in recent years, offering a low-cost alternative to the traditional college model. These approaches, however, face numerous unique higher education challenges, such as persistent questions about their accreditation, the ability to transport...