Net tuition revenue has been falling

In a Wall Street Journal interview with Bard College president Leon Botstein, I found this section, although tangential, to be of particular interest:

« Few private colleges… are able to make their sticker prices stick. When he arrived, “from every tuition dollar that we charged, we got 88 cents… Now we get 50 cents. What’s called the net tuition revenue, in all institutions, has been falling.” »

This reminds me of a book I reviewed called The Higher Education Bubble.