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Universities are subject to very little oversight and regulation. They basically are selling a luxury good to very unsophisticated buyers (you can't get much l

• culi 5y ago
  > Universities are subject to very little oversight and regulation. This varies by state too. Many of the UC's in California right now are basically becoming corporations. They argue that them making more money means they can better serve students, but they routinely lobby for less funding from California. That's because that funding comes with certain conditions, like accepting more Californian students. The UC I went to, UCI, is facing a huge housing crisis and has been building a ton of new housing, but the amount of in-state students they're accepting hasn't changed since before 2010. Instead they've drastically increased the number of foreign students they've accepted. Those students usually pay more than twice as much as in-state and, counter to narratives about "increased diversity", often come from a very specific class background. Their whole strategy is basically to wean themselves off of state funding so they can run the UC like a profit-driven corporation