Cost Analysis of Selected Educational in the Community Colleges of Iowa

Abstract

The problem of this study was the development of a cost analysis for selected educational programs in the area schools of Iowa. The rationale underlying the study was expressed in the basic assumption that current-unit-costs per student-contact hour were dependent upon the factors of enrollment, instructional costs, administrative costs, operation and maintenance of plant, fixed charges, and auxiliary services. Relationships were ascertained between the average-annual-per-student-cost for arts and science curricula and vocational technical programs. Current-student-costs per contract-hour for each vocational-technical program were found and a correlation analysis was utilized to determine the relationship that existed between student costs and the above factors. The correlation analysis revealed highly significant relationships between current-student-cost per contract-hour and the related factors with the exception of minor equipment. The correlation between cost and enrollment was the highest at -.72.