College and universities have lobbied aggressively to beat back dozens of government proposals to measure their successes and failures, including a federal ratings system.
Source: Colleges Flex Lobbying Muscle – WSJ
See Bill Gross on the power of universities – see this to see how much revenue some of them receive yearly.
I commented.
Speaking of Sen. Lamar Alexander (TN), former Sec. of Ed., and his fight against overregulation, this is from his WSJ Op-Ed on the subject,
“…in one year Vanderbilt University spent a startling $150 million complying with federal rules and regulations governing higher education…”
Now, for the rest of the story.
- That number “…is inflated by costs unrelated to those regulations…”
- “the federal government reimburses ..as much as 20 percent of the federal-compliance expenses the analysis identified”
- “$117 million of its regulatory costs were associated with the expenses of its vast research enterprise” [Not “higher education.]
- “$14 million was spent complying with rules on antidiscrimination, immigration, and other issues”
- “Vanderbilt said the $14 million was attributable to “higher education” regulations but..acknowledged that $9 million of that was for…accreditation
This is from a report by the Chron. of Higher Ed. A link is on my blog inside-higher-ed., along with much more.
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