> These colleges are all "nonprofit" (and get significant tax benefits), so where is the money even going? 1. Non-teaching admin positions, like vice president

> These colleges are all "nonprofit" (and get significant tax benefits), so where is the money even going? 1. Non-teaching admin positions, like vice presidents and associate deans of whatever, and all of their organizations and support staff. 2. Large bureaucracies that eat money and grow continuously. 3. Country club campuses and amenities. 4. Student services. 5. Legal departments and regulatory compliance.