Average tuition for a year at a US private college is $35k. Nobody should pay that. Offering $140k for 1 year of regular time with any one of the best minds in your field of choice would be a strictly better use of your resources (and probably theirs, if they'd otherwise teach).
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Agreed that this is a huge problem. But is it wiser to go into the institution with a reputation but theoretical protections plus the ability to swerve and take other options within the institution, or to invest hugely in a 1-to-1 with no safety net at all?
I mean, you should definitely have a contractual agreement for something with this scope with exit terms both parties are comfortable with. I just don’t think we need to be afraid of associating with strangers to the extent that making an agreement like this is concerning
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Yeah, my paranoia is probably too high here. I'd probably be happiest if both options were available; I don't want to ban either arrangement
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