Universities Don鈥檛 Need Any More Money?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
Why is it that when ExxonMobil posts record billion-dollar profits amidst soaring oil prices, liberals demand price controls and government investigations? But when colleges post record endowments despite soaring tuition prices, liberals demand more federal funding? It鈥檚 just as outlandish for the government to subsidize ExxonMobil as it is for the government to subsidize academic establishments with abnormally deep pockets. Don鈥檛 look for Pelosi to probe any college presidents over 鈥渨indfall鈥?endowments or swelling tuition prices or demand that they pay their 鈥渇air share.鈥?br>
At least the extra aid goes toward instruction, right? Wrong! Ohio University Professor Richard Vedder saliently noted that from 1977 to 2000 only twenty-one cents out of each increased dollar spent per student actually covered teaching. So where鈥檚 the money being squandered? Administrative salaries and fringe benefits, for starters. Those two categories jumped 26- and 31 percent respectively over the past 5 years, even though the consumer price index only increased by 14 percent. Another reason: bloated staffs and needless vice presidents, deans, provosts, and campus life directors鈥攎any of whom are pocketing salaries that average $195,000 a year and controlling six- and seven-figure budgets, reports the Chronicle.
Boston University鈥檚 administration, for example, includes one president, two provosts, and 11 vice presidents. There鈥檚 a vice president for government and community affairs, a vice president for operations, a vice president for auxiliary services, a vice president for information services, and a vice president for enrollment and student affairs, to name a few. Many colleges and universities are administered the same way, clogging staff with too many deans and chief diversity officers who carry out politically correct agendas. We often complain about government bureaucracy growing out of control. The same has been occurring in higher education.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.