Back in the day when I went to Berkeley, the tuition was only $212.24/quarter. There was one administrator for every 10 classroom employees – teachers/professors. Now that relationship is upside down. More administrators than classroom employee.
Tuition is now in the tens of thousands per semester. For those who believe that education is for the benefit of the students, think again. The major beneficiaries are the employees of the university system. With a chant of “we must protect the quality of education” they have improved the quality of their pay checks, at the expense of the students.
The loan scam has just been the vehicle to fund the new found legion of administrators and retirements that few/none of us will ever achieve. Without the loans, education would still need to be affordable. The loans bought the students very little compared to 40 years ago.
