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Welcome To The Third World, Part 5: Higher Education Goes Broke

- John Rubino - Dollar Collapse

Professors somewhere might be paid executive salaries, but certainly not where I am; I make about 1/3 of what the administrators make, however. The real issue with college expenses is the administrative bloat.

Back when my college had under 1,000 students, we had a dozen faculty and a like amount of administrators. Now we have 5,000 students and...20 faculty. Administrators, on the other hand, have increased by a factor of six (and remember, they're paid much more than faculty); every semester we lose another classroom for administrative offices and such, while most faculty have yet to have their own office.

I should also mention that while you can put some of the blame on lack of performance on the students, much of it is the rampant greed of administration. My college is trolling the high school dropouts and over-50s, getting them to sign up for courses (and those oh-so-lucrative loans) that they have no interest in taking. These people are not sophisticated enough to tell the difference between "student loan" and "free money", so they spend six years getting most of a 2 year degree, stacking up the hours in Gender Studies and Childhood Issues courses (my college offers around ten such courses, impressive considering our size), while the few courses that teach anything remotely useful to the real world are under constant pressure from admin to pass students at all times. We're even loading up our remedial courses with students still in high school (and I should mention, we teach remedial, sub-remedial, pre-sub-remedial, and just started to offer a sub-pre-sub-remedial math class...two years of remediation before they can take College Algebra, which was itself a remedial course when I started teaching in the 80s).

This is just a system of plunder at this point.

Commented 4468 days ago

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Beginning of the headline : Not all that long ago, most college campuses were pleasant but somewhat austere places where kids without much free cash learned from modestly-paid (but dedicated and respected) professors.Then came the credit bubble, which allowed universities to put up modern buildings and hike pay and benefits, all paid for with state aid, student loans (which now exceed credit card debt), and unfunded pension promises... Read More

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