Base Quote by Gerald Chertavian
“College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.”
About This Quote
Source Speech: Interview on Higher Education Economics, 2022
College costs rise faster than economies of scale, making them increasingly unaffordable.
In simple terms: College is getting more expensive.
Consider cost‑benefit before enrolling.
Themes
Mood
Type
When to use this quote
- student budgeting
- policy debate
- financial planning
Key Concepts
Questions to Reflect On
- How can institutions control cost growth?
- What alternatives exist to traditional college?
Higher tuition may limit access for low‑income students.