While colleges spend fewer resources on each student, cost of attendance is skyrocketing. That's not a good combination, and the effects aren't pretty. Consider research by sociologists Richard Arum and Josipa Rokska. Of the 2,300 students they studied at four-year colleges, only 45% demonstrated a significant improvement on a critical thinking test after two years of enrollment. Colleges, of course, should take a fair share of the blame. But students should, too. In fact, the average college student spends only 9% of his or her time studying. When you combine this with lower academic standards, the future doesn't look good: colleges and students are screwing up, and businesses are going to feel the brunt of the impact.
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