> Tuition expenses mostly go towards administrative salaries, very very old established professors, and buildings...
At many (most?) universities, established professors make only slightly more than new hires because the budget simply isn’t there to pay significantly more and so the salary range compresses. And honestly, instructor pay seems like a good place to be spending money.
On the other hand, administration costs are out of hand. Some universities have crossed the 50% threshold and now spend more on administration than everything else combined.
At many (most?) universities, established professors make only slightly more than new hires because the budget simply isn’t there to pay significantly more and so the salary range compresses. And honestly, instructor pay seems like a good place to be spending money.
On the other hand, administration costs are out of hand. Some universities have crossed the 50% threshold and now spend more on administration than everything else combined.