The research is clear: the more college graduates, the more a state's economy grows. The growth more than offsets the investment.
So why does Louisiana continue to make it harder for students to go to college? Tuitions and fees are sky-rocketing. And yet, some here have proposed raising the fees even higher so that we might pay for... athletics?
And now we should close campuses? Will that help?
Before we propose things like this, we need to know what the savings would be; what the additional costs would be; how many college graduates we would lose; and what the impact to the Louisiana economy would be over the long run.
For some reason the idea keeps reappearing, that we have 'too many' colleges, when in the past some of us have shown that a) we have about the right university/population ratio when compared to the rest of the US, and b) with the exception of Tech-ULM-Grambling, our universities are nicely spaced out so that most of our population is within a reasonable commute to a college.
When the commute becomes too long, there are students who cannot afford to live on or near campus, and enrollments drop.
Everyone with any real-world experience knows that there is an enormous difference between cutting costs, and saving money; and there is an even larger difference between cutting costs, and making money. A business or an economy that only cuts costs goes nowhere. They have to look to the future. In fact, the case could be make that the only reason to watch costs today, is to make shrewd investments for growth down the road.
For those of us here who graduated college, we immediately understand that.
Unfortunately, it appears that most of Louisiana does not.