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I'm with a lot of other folks here, in that the article aligns with a lot of what I've seen of the industry (and my wife is a professor). The idea that univers
by RajT88 3y ago
I'm with a lot of other folks here, in that the article aligns with a lot of what I've seen of the industry (and my wife is a professor).
The idea that universities are going broke is put to the lie by the fact that so many of them keep building new buildings for some reason! These are multi-million dollar affairs, and are not usually new dorms, it's facilities which other facilities which already serve the same function just fine but which might be 15-20 years old.
Giant budgets are spent building new buildings which are not needed, and do not improve the quality of education in any way. The stories I hear from my wife are exactly the same as I see happening with my own alma mater. Both are private colleges, but I've heard state schools do this too.
- Workaccount2 3y agoBuilding new buildings is how you turn profits into non-profits to keep yourself a non-profit. See hospitals (and their extensive ever growing networks) as even more evidence of this.