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I was responding to an author in the thread, not to the author of the article. Catholic schools are financially structured in rather unique ways. They're contr
by kristopolous 3y ago
I was responding to an author in the thread, not to the author of the article.
Catholic schools are financially structured in rather unique ways. They're controlled by clerical orders which are technically financially independent from the Vatican, kind of like a franchise.
Together, the institutions under a specific clerical order operate collectively kind of like a cooperative so money flows around differently than most schools.
Weirdly, schools that used to be but no longer are religious seem to now be some of the most expensive. For instance, Tufts, USC and Yale.
The rise in tuition is because college has been increasingly seen as a personal, private transaction and not as a social good.
This reframing of the institution as a market based services purchase is the rationale for the policies that have caused all the other problems
Catholic schools might also be cheaper because these clerical orders are ostensibly tasked with social welfare so they are still partially operating under the old model before the Milton Friedman mind virus.
- 0xParlay 3y ago> This reframing of the institution as a market based services purchase is the rationale for the policies that have caused all the other problems Monks around the world are telling themselves "THIS GUY GETS IT". The institution misses its alma mater :(