Why are education degrees sometimes less expensive?

I have been looking at a few MEd degree and they seem like they less expensive then business degrees from the same school. For example, NCU charges:
Master's degree tuition
Master of Education (MEd) — $320 per credit hour.
Master of Arts–Psychology (MAPsy) — $525 per credit hour.
Master of Business Administration (MBA) — $525 per credit hour.

A long time ago I was looking at Jacksonville University (when I live in Jacksonville) and they offered a MAT for something like $200 a credit and their MBA was $300 or $350 a credit. here is their breakdown now

Part-time, Non-traditional and Graduate Students 2008-2009
Students enrolled for 11 credit hours or less, Adult Degree and graduate programs:
Undergraduate Tuition $795
Adult Degree $398
Cohort RN-BSN $164
MA (Math) $400
MAT $305
MED $400
MBA $525
MSN $400
Online Nursing $410


I would assume because education instructors demand less pay because there is not a competitive market in the corporate world. Any ideas?

 

My thought would be that universities charge what the market will bear. A MBA probably has more cache than a M.Ed, it definitely opens more doors than the M.Ed degree. The MBA is probably the only masters degree that broadens your job prospects as it is a generalist degree. Most masters degrees are very specialized and narrow the career fields you can/will pursue, but the MBA opens possibilities in operations, finance, marketing, etc.

 

Colleges and universities generally charge tuition differentials based on the perceived differences of the future earning capacities of holders of different degree titles.

 

That (differences in earnings) and I think they try to give teachers a break... it's a labor of love.

 

I know that here in NC the prices are lower because due to the past K to 12 teacher and administrator shortage the legislature here did all they could to get teachers in and out of universities and licensed. Plus also during this time, many school districts were reimbursing teachers and administrators for pursuing graduate level education. Of course with the economy now this almost never happens anymore and costs are rising slightly for some education programs, so the universities can make more money.

At the university where I currently work, they always state that since they pay certain business and medical faculty more than their humanities, social sciences, liberal studies, etc.. faculty, they have to charge more for these programs, to offset the costs. This was also standard practice at a local community college also, but only in the continuing education department, certain licensing programs and technology programs were at times 5 times higher than others.