Been saying this for years. We *need* to publicly subsidize higher ed. But subsidies can't be an ATM for the closed circle of admins.
"the astonishing rise in college tuition correlates closely with a huge increase in public subsidies" http://www.nytimes.com/2015/04/05/opinion/sunday/the-real-reason-college-tuition-costs-so-much.html …
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The lending model is *broken*. It is a direct transfer of wealth from poor to rich. Education quality and faculty experience not improving.
End of conversation
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