The number of staff at many universities has drastically increased in the last 10-15 years. The number of full time, tenure track faculty positions has not. Ho

The number of staff at many universities has drastically increased in the last 10-15 years. The number of full time, tenure track faculty positions has not. However, there are plenty of adjunct professors that have low wages, poor benefits, and no job security. Government-insured student loans mean that the university has an incentive to take as much from that as possible. But the job market now often requires some kind of degree, and new students don't really know what they're signing up for by taking on $25k, $50k loans and beyond.