They have to pay all those tenured profs that sit on their duffs and let the post grad students teach the classes if they even do that any more. Last I saw was a classroom full of recorders on the desks and a automated tape playing up on the dias................
A college degree today is the tollbooth for gaining access to the job market. Without a degree, most office type jobs are out. Which leaves jobs for tech school grads, service industry jobs and entry level retail jobs.
Having the degree doesn’t mean you have a job. You are taking thousands of dollars in student loans so you can check off a box on the job application. Degree from accredited college? Yes. Why do womyn’s and black studies majors work at Starbucks? Because outside of working for some leftwing organization, the degree is worthless.