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An Investment Analysis of Vocational Programs Offered in Missouri Junior Colleges*

Published online by Cambridge University Press:  28 April 2015

Donald D. Osburn  and
W.B. Richardson Jr.
Donald D. Osburn
Affiliation:
University of Missouri
W.B. Richardson Jr.
Affiliation:
Purdue University
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Extract

Administrators of the public junior colleges in Missouri are faced with two major problems. First, there is an increasing number of students demanding post-secondary education. Second, apathy of voters and legislators toward financial support of our educational institutions is increasing. A study entitled Missouri Public Junior Colleges: A Report to the People revealed that in 1960 there were approximately 600,000 students enrolled in two-year institutions of higher education in the United States. The report further stated that in 1971 the enrollments would climb to 2,000,000 and that by 1980 the projected enrollments would approximate 4.4 million. This predicted growth pattern has been observed in Missouri with the enrollments increasing by approximately 20 percent per year.

The report cited above also confirms the second major problem as state aid for Missouri junior colleges has been decreasing over the past few years. Voter apathy, although more evident in secondary schools, is a force that can affect the junior college as programs are expanded to meet the increasing student demand.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 5 , Issue 1 , July 1973 , pp. 121 - 126
Copyright
Copyright © Southern Agricultural Economics Association 1973

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Footnotes

*

Missouri Agricultural Experiment Station Journal Series No. 6620.

References

[1]Carroll, A. B. and Ihnen, L. A., “Cost and Returns for Two Years of Post-Secondary Technical Schooling: A Pilot Study.” Journal ofPolitical Economy, Vol. 6, 1967.Google Scholar
[2]Kaufman, Jacob L., and others, “A Cost-Effectiveness Study of Vocational Education.” A paper prepared for the Institute for Research on Human Resources, University Park, Pennsylvania, 1969.Google Scholar
[3]Missouri Public Junior Colleges, A Report to the People, A report prepared by the legislature committee, Missouri Association of Junior Colleges, 1970.Google Scholar
[4]Osburn, D. D., and Goishi, F. H., “Some Aspects of Scale Economies Among Missouri Area Vocational Schools.” American Journal of Agricultural Economics, Vol. 53, No. 5, 1971.CrossRefGoogle Scholar