Colleges reduce cost of teaching, raise tuitions
washingtonmonthly.com
washingtonmonthly.com
The credential is the scarce good whereas education is increasingly free. It makes sense that they'd focus on pricing related to the credential rather than the education.
I think people are buying the college's recruiting filter and its reputation first and the college's education second.
Also, the article says "The key is letting computers do what they do best - grading multiple-choice tests, [...]".
That's alarming because it suggests that the automatically generated practice tests and possibly even the real, proctored tests in the Math Emporium scheme are all multiple-choice. For exams in introductory, memorization-heavy humanities courses, that's fine, but the multiple-choice format is ill-suited for math. There's no way to assign partial credit for wrong answers and, more importantly, there's no capability to examine the steps that the student took when trying to find the solution to a given problem so that their mistake can be explained to them.
Based on the article, it sounds as though Virginia Tech is replacing part of their undergrad math curriculum with Kumon (http://en.wikipedia.org/wiki/Kumon) for grown-ups. Depressing.