A recent Schumpeter column in “The Economist” referred the report “Opportunities for Efficiency and Innovation: A Primer on How to Cut College Costs,” by Vance Fried of Oklahoma State University. Is it possible to provide a first-class undergraduate education for $6,700 a year rather than the $25,900 charged by public research universities or the $51,500 charged by their private peers?

At IST we receive around €3,800 ($5,320) from the government for each student per year and we charge €1,000 ($1,600) for tuition. I believe we provide first-class undergraduate education and research.

The article: http://www.economist.com/node/18926009?frsc=dg|a

The report: http://www.aei.org/docLib/Opportunities-for-Efficiency-and-Innovation-Fried-FINAL.pdf