Expensive to get a LIEberal education with costs saddled on by 1%er educators. But the brainwashed students will blame evil Republican corporatists and the Koch bros. Maybe someday a few light bulbs will go off on how they are getting ripped off by their sacred Leftists.
Big Education cycle:
1)make unlimited taxpayer subsidized loans to students
2)charge them outrageous tuition
3)pay ginormous salaries to profs and admins
4)profs and admins donate to Democrats
It works well...for them....
“At its most recent meeting, the board granted 20 percent raises to three chancellors who earn more than $300,000 apiece.”
And there is part of the problem, not just at the college level but at the k-12 level too. Hire more and more administrators, more educrats, with good salaries and big annual raises. Hire just enough teachers and professor to get by.
I believe, as a rule, these "academic superstars" are researchers and only secondarily teachers. Yes, it is nice that a university or college has a Nobel Laureate (one is available in 2017), but having such by itself does not raise the academic ability of the students! Remember the students, those walking piles of student loan debt? Year after tiresome year, the tuition increases have far outstripped inflation, yet in that same time frame, almost every measure shows American Students falling behind their foreign counterparts. Value for money paid appears to be absent from this equation.
My daughters went through the UC system. Tuition was hiked every year they went there until graduation. Which pissed me off because they were allowing illegals to get in-state tuition, which was then subsidized or waived. Kids of color (excluding Asians because they're considered majority) often get in free. If they would equally charge all students, they would not need to raise tuition on the whites and asians to cover latinos and blacks. My daughters graduated within four years, while latinos and blacks party and stick around many years beyond that because they're not paying.
What does Blum care? He has a wife who regularly channels tax money his way. His analogy about paying his employees is a little dishonest. As an investment banker, if he constantly raised his fees to customers unreasonably, he’d soon be out of customers, no matter how rich and fat his elitist buddies may be.
Not exactly. It's because the priorities for administrators are (1) increasing their own salaries, (2) increasing their own retirement pay, (3) expanding the number of their subordinates to justify items #1 and #2, (4) catering to the official Priviliged Whining Minority Groups.
It's too bad we still don't have the technology to do stuff like that...
LOL! :)