In this provocative volume, higher education experts explore innovative ways that colleges and universities can unbundle the various elements of the college experience while assessing costs and benefits and realizing savings.Stretching the Higher Education Dollar traces the reform continuum from incremental to more ambitious efforts. Topics include effective strategies for reallocating resources to capture efficiencies, opportunities with massive open online courses (MOOCs), and ideas for building low-cost degree pathways from the ground up.Though the pace of change in higher education is fast and furious, Stretching the Higher Education Dollar offers promising ideas for navigating the new fiscal, political, and technological environment.

CONTENTS

Introduction 1
Andrew P. Kelly and Kevin Carey

1 From Baumol's Cost Disease to Moore's Law 9
Bending the Cost Curve in Higher Education
Anya Kamenetz

2 Incentives, Information, and the Public Interest 27
Higher Education Governance as a Barrier to Cost Containment
Robert E. Martin

3 Applying Cost-Effectiveness Analysis to Higher Education 45
Framework for Improving Productivity
Douglas N. Harris

4 A Strategic Approach to Student Services 67
Five Ways to Enhance Outcomes and Reduce Costs
Ari Blum and Dave Jarrat

5 Bain Goes to College 87
Rethinking the Cost Structure of Higher Education
Jeffrey J. Selingo

6 Unbundling Higher Education 105
Taking Apart the Components of the College Experience
Michael Staton

7 Classes for the Masses 125
Three Institutions' Efforts to Create High-Quality, Large-Scale, Low-Cost Online Courses
Ben Wildavsky

8 Beyond the Classroom 145
Alternative Pathways for Assessment and Credentialing
Paul Fain and Steve Kolowich

9 Disruptive Technologies and Higher Education 163
Toward the Next Generation of Delivery Models
Paul J. LeBlanc

10 Public Mandates, Private Markets, and "Stranded" Public Investment 183
Burck Smith

Conclusion 205
Andrew P. Kelly and Kevin Carey

Notes 219
Acknowledgments 243
About the Editors 245
About the Contributors 247
Index 253