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That's when you start treating public colleges like insurance companies and put a hard cap on the money spent on administrative costs.
by MisterBastahrd 3y ago
That's when you start treating public colleges like insurance companies and put a hard cap on the money spent on administrative costs.
- Night_Thastus 3y agoThat system has its own flaws. How can government truly estimate the cost of administration? All costs vary from area-to-area, and some areas will naturally cost more. And even if you somehow did that part perfectly, the money can be shuffled around and reorganized so it looks like the college is spending more/needs more income than it really does.
- johnnyanmac 3y ago>How can government truly estimate the cost of administration? Audits? we have a federal and state secretary of Education who should have resources to find this stuff out. The answer to this is that colleges appeal to get more resources if they need it, and they need to prove those extra funds are in the interest of most/all students. Governments can still give grants and whatnot, so the hard cap is just a cap on one source of income. >the money can be shuffled around and reorganized so it looks like the college is spending more/needs more income than it really does. yeah, just like any other corporation. Exploits and tax evasion. This is the everyday life of auditors. But colleges aren't exactly good at hiding what their overinflated administration is doing to begin with.