RE: a resort for late adolescents complete with gyms, flat screen TV’s, exotic cuisine, constant entertainment and obviously easy access to members of whatever sex floats your boat.
The current financial model of private colleges is to keep tuition prices high so as to capture a great amount of money from students who can afford to pay top dollar. This money then funds fanciful construction projects and superfluous creature comforts for students, which for some reasons, REALLY do wonders to attract more of the same students.
Yes. Or in the words of a old prof of mine - “college is daycare for adults”. And obviously not a very cheap one either.