|Student researching economics
of higher education with professor
RELEASED: June 24, 2004
DANVILLE, KYNo one knows more about the struggles to finance a college education than students and their families, and Centre rising senior Will Young is doing his part to reverse the trends of rising costs of higher education.
A double major in financial economics and music, Young is spending the summer on campus researching the economic effects of education costs with Bob Martin, Boles Professor of Economics at Centre.
For the past four years, Martin has been working on his book, The Economics of Higher Education: An Enterprise Theory, which is set for publication in 2005. He says that his lifetime experience with higher education, both personal and professional, led him to pursue this project.
"The world has changed dramatically, and the costs of education have gone up exponentially, perhaps as the most rapidly rising sector of the American economy," Martin explains. "This is, of course, a serious problem for families who may easily find themselves in debt. It's a very important public policy question."
Young assists Martin by compiling and charting data that will be included in the book from various national surveys and statistical organizations. The goal is to develop a unified framework and testable model for understanding the behavior of students and how they respond to the cost of education.
A native of Oak Ridge, N.C., Young says that his research experience has been "extremely positive."
"Working alongside Dr. Martin has been great, and the analytical skills I'm gaining will be valuable career tools in the future."
Young is a talented trumpet player and has been involved in Centre's music program for the past three years. He has played in the CentreTrumpets, CentreJazz and the local Advocate Brass Band.
Centre offers many opportunities for students to do collaborative research with faculty members during the academic year and the summer.
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Founded in 1819, Centre College is ranked among the U.S. News top-50 national liberal arts colleges. Centre alumni, known for their nation-leading loyalty in annual financial support, include two U.S. vice presidents and two Supreme Court justices. For more, visit http://www.centre.edu/web/elevatorspeech/
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