People still pay the tuition and they’re still in business. Where’s the problem? This is a Private college.
BTTT
Enrollment at America’s leading universities has been increasing dramatically, rising nearly 15 percent between 1993 and 2007. But unlike almost every other growing industry, higher education has not become more efficient. Instead, universities now have more administrative employees and spend more on administration to educate each student. In short, universities are suffering from “administrative bloat,” expanding the resources devoted to administration significantly faster than spending on instruction, research and service.
Between 1993 and 2007, the number of full-time administrators per 100 students at America’s leading universities grew by 39 percent, while the number of employees engaged in teaching, research or service only grew by 18 percent. Inflation-adjusted spending on administration per student increased by 61 percent during the same period, while instructional spending per student rose 39 percent. Arizona State University, for example, increased the number of administrators per 100 students by 94 percent during this period while actually reducing the number of employees engaged in instruction, research and service by 2 percent. Nearly half of all full-time employees at Arizona State University are administrators
A significant reason for the administrative bloat is that students pay only a small portion of administrative costs. The lion’s share of university resources comes from the federal and state governments, as well as private gifts and fees for non-educational services. The large and increasing rate of government subsidy for higher education facilitates administrative bloat by insulating students from the costs. Reducing government subsidies would do much to make universities more efficient.
For public universities the administrative bloat is much worse than at private colleges - administrative positions grew by 39% between 1993 and 2007, almost four times the 9.8% increase for instructional positions. At private universities, without access to the public largess, administrative and instructional positions increased at about the same rate.
http://goldwaterinstitute.org/sites/default/files/Administrative%20Bloat.pdf
and where is most of the money coming from to support these lard assess....student loans. Just like in the mortgage scandal, free government money is being used to fuel these bubbles. I saw a stat the other day, the total student debt in the US is now higher than the accumulated debt on credit cards by the entire population. And what happens when they cannot pay? Guess who is holding that bag??
It's just like the Tim Tebow thing: religion is also okay if you're black, or a socialist Catholic, or of course, muslim. It's only "frightening" and "oppressive" if you're conservative.
Increasingly, it's obvious to me that all the things liberals scream about, they aren't really that upset about deep down. You can be sternly moral, loudly religious, and stinking rich... as long as you are a liberal. In other words, their protests about these issues is really just a red herring. The real issue is, are you conserative?
If this trend continues we might wake up one morning in the near future to discover that the college presidents are making more than the football coach.
I work in a northeastern university in the facilities department..management is struggling to find a million dollars or so to replace two 35-year old boilers. The Diversity Department probably gets more than this.
It’s all George Bush’s fault!
/sarc
Is that a feminist studies professor driving a BMW?