Unfortunately, the herd mentality took hold both among the graduating HS seniors at the time, and the other schools. The former were happy to pay the extortion, and the latter were happy to find out the upper end of what the market would bear.
I work for a University. Coming back from lunch I heard from a staffer friend that they’re hiring six - SIX - new assistant Provosts. That’s the problem here. It’s government. It’s government in another form, but it’s government, and it’s eating us alive.