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Something doesn't add up. University education costs have been increasing over at least the last one or two decades. But universities keep reducing costs by hir
by mrb 10y ago
Something doesn't add up. University education costs have been increasing over at least the last one or two decades. But universities keep reducing costs by hiring adjunct, sessional, or contract faculty who are presumably less well paid than full-time professors. So where is the universities' money going to? Are they losing it by mismanaging their endowment funds? Are they spending more in other areas?
- mbreese 10y agoFor public (state-funded) universities, they receive a large percentage of their operating budget not from tuition or endowments, but directly from the state. In many cases, over the past 10+ years, this direct support has been slashed. So, for these institutions, even as tuition has been increasing, their total budget was likely dropping. Tuition hasn't been able to keep up with the loss of state funding, so the universities try to make the numbers work in a variety of ways... one of which is to limit the number of professors.
- adamweld 10y agoThey use it to pay administrators. My university has one admin for every two students and they make $150k on average...