Just a way of laundering the printed money. Raises covered by tuition increases covered by student loans covered by...
Administrators get convinced that professor “Joe” or instructor “Ann” might leave....so they have to give them a seven-percent or twelve-percent payraise. The thing is...if they leave....there’s someone else there or elsewhere in the nation....to fill those shoes....at the old pay-grade. If colleges simply ran their organizations like business operations, then their tuition levels would generally be twenty percent less than they are today.