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As mentioned in a reddit thread(1) of the same article: "Let's see, average amount of student loan debt per graduate is $30k. Student loans are usually a life-

As mentioned in a reddit thread(1) of the same article: "Let's see, average amount of student loan debt per graduate is $30k. Student loans are usually a life-altering debt, designed to take decades to pay off. That means for every year this chode gets paid $1M, 33.3 students are stuck with paying off his yearly salary for the next 20 years. " And that's just 1 person. And it's pretty easy to connect the dots to the real problem, being that of administration is the one making the rules now for education, not the faculty and academics. (2) (3) Now, there is an argument that because more regulations and laws are passed, that is why administration is being.. bloated. I'm not so sure how true this is, but is is another factor that does seem to take a part of the whole situation. (4) (1) https://www.reddit.com/r/news/comments/7j755s/number_of_college_presidents_making_1_million/dr4vzqg/ https://www.reddit.com/r/news/comments/7j755s/number_of_coll... (2) https://www.jamesgmartin.center/2017/06/administrative-bloat-campus-academia-shrinks-students-suffer/ https://www.jamesgmartin.center/2017/06/administrative-bloat... (3) http://volokh.com/2010/08/24/administrative-bloat-at-universities/ http://volokh.com/2010/08/24/administrative-bloat-at-univers... (4) https://www.chronicle.com/article/Think-College-Costs-Too-Much-/146641 https://www.chronicle.com/article/Think-College-Costs-Too-Mu...

kharms 9y ago
Under his tenure the endowment raised an additional $800,000,000. Assuming a conservative 2% spend-down, that's an additional $16,000,000 per year, forever. If he gets paid $3,00,000 per year, forever that's still $13,000,000 in new money, or using your math - 433 students' tuition.
- crankylinuxuser 9y ago
  We can show by rising tuition prices the money's going "somewhere". And given administrations stratospheric rise, I'd say it's a safe claim to start looking at the university presidents, the long list of VP's of $stuff, assistant VP's of $more_stuff, the piles of directors... And the list goes on. And I can damn near guarantee that the "433 students tuition" will instead be spent on "Philanthropy" via constructing more buildings. I'm seeing it right now in my town, with skyrocketing rents everywhere, gentrification, and school pricing run amok (wife is trying to get in grad school).

kharms 9y ago

Under his tenure the endowment raised an additional $800,000,000. Assuming a conservative 2% spend-down, that's an additional $16,000,000 per year, forever. If he gets paid $3,00,000 per year, forever that's still $13,000,000 in new money, or using your math - 433 students' tuition.

crankylinuxuser 9y ago
We can show by rising tuition prices the money's going "somewhere". And given administrations stratospheric rise, I'd say it's a safe claim to start looking at the university presidents, the long list of VP's of $stuff, assistant VP's of $more_stuff, the piles of directors... And the list goes on. And I can damn near guarantee that the "433 students tuition" will instead be spent on "Philanthropy" via constructing more buildings. I'm seeing it right now in my town, with skyrocketing rents everywhere, gentrification, and school pricing run amok (wife is trying to get in grad school).