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Duquesne, which is mentioned in the article, has a $40K per year tuition for undergrads (higher for nursing, etc). They have 9,344 students and their operating

by trimbo 7y ago

Duquesne, which is mentioned in the article, has a $40K per year tuition for undergrads (higher for nursing, etc). They have 9,344 students and their operating budget of $300M, so $32K per student. Their employee budget is $186M and 2,632 employees, which is average ~$71K per employee. So why was this adjunct professor teaching 8 classes and only earning $25K per year? BTW, the president of the university makes $1.4M. Sources: [1] - https://www.duq.edu/about/departments-and-offices/finance-and-business/planning-budgeting-and-institutional-research/fast-facts https://www.duq.edu/about/departments-and-offices/finance-an... [2] - https://www.mcall.com/news/pennsylvania/mc-nws-pa-university-president-pay-20181211-story.html https://www.mcall.com/news/pennsylvania/mc-nws-pa-university...

Steuard 7y ago
Don't make the mistake of believing the sticker price of college/university tuition! It's quite routine for many colleges (private ones, at least) to offer "scholarships" covering a substantial fraction of tuition to literally every accepted student. Evidently, where marketing is concerned, families are way happier to say "My kid is going to a $40K college, and got a $15K scholarship!" than to say "My kid is going to a $25K college". Colleges that have tried to present themselves as less expensive by listing the actual tuition cost have quite often lost enrollment as a result. (Meanwhile, last I heard, Harvard tuition was free for the vast majority of families in the US, unless they're very wealthy. But their official listed tuition is nearly $50K.)
- alexandercrohde 7y ago
  To Trimbo's point though, college is the most expensive it's ever been (by several fold factor). The math more that checks out to pay all university professors over 200k, if you could reduce the administration figures. I think the real question is why college expenses have grown so much

by trimbo 7y ago

Steuard 7y ago

Don't make the mistake of believing the sticker price of college/university tuition! It's quite routine for many colleges (private ones, at least) to offer "scholarships" covering a substantial fraction of tuition to literally every accepted student. Evidently, where marketing is concerned, families are way happier to say "My kid is going to a $40K college, and got a $15K scholarship!" than to say "My kid is going to a $25K college". Colleges that have tried to present themselves as less expensive by listing the actual tuition cost have quite often lost enrollment as a result. (Meanwhile, last I heard, Harvard tuition was free for the vast majority of families in the US, unless they're very wealthy. But their official listed tuition is nearly $50K.)

alexandercrohde 7y ago
To Trimbo's point though, college is the most expensive it's ever been (by several fold factor). The math more that checks out to pay all university professors over 200k, if you could reduce the administration figures. I think the real question is why college expenses have grown so much