I just don't get it. Where does the money go? Students pay ridiculous amounts for tuition, while schools try to get away with being as cheap as possible by hiring adjuncts, using ridiculously cheap food vendors, giving less and less aid, etc. For regular corporations I'd cite shareholders and profitability, but nominally, schools don't have that. Some people cite administration, but I'm not entirely sure of that either. Even the president gets paid maybe 4 million tops, which is 100 students tuition. And schools did just fine 50 years ago with less than a quarter of the tuition.
My current theory is that administrators have figured out a way to get money out of the school in some form and are squeezing it like cash cows. Or they're just horribly mismanaging schools.
My current theory is that administrators have figured out a way to get money out of the school in some form and are squeezing it like cash cows. Or they're just horribly mismanaging schools.