Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

Unfortunately, most everyone now evaluates college in purely economic terms, thus reducing it to a commodity like a car or a house. There is now a cottage industry built around such data.

1. According to the author, what does the value of a degree depend upon and why should it be set apart from strict economic evaluations?
2. According to the author, What factors contribute to educational outcomes, thus differentiating it from a Best Buy purchase?
3. Discuss this statement: Education is the only commodity for which satisfaction decreases with the amount consumed. Do you agree or disagree? Use examples in your answer.

Rawlings, H. (2015). College is not a commodity. Stop treating it like one. The Washington Post, June 9 (Retrievable online at