As anyone who has paid (or anticipated paying) college tuition bills knows, the cost of a college education has been skyrocketing over recent decades. (The good news? Many families don’t have to pay full price–but that’s another story.) And one Johns Hopkins prof has an intriguing solution to reduce college costs by a quarter percent: a three year degree.
Paul Weinstein, who directs Hopkins’ graduate program in public management, found that a three-year degree at a public, in-state school carried an average tuition of $26,679, 25 percent less than a four-year equivalent. Shorter, less-expensive degrees would also mean lower school loan payments, and (potentially) higher class sizes. Several universities, including Wesleyan, Purdue, and Bates, already offer three-year programs.