That’s what I said Monday.
Today, Investors Business Daily asks, “Why Are Tuitions So High?”
An IBD analysis of data from the National Center for Education Statistics shows that from 1989-2009 the number of administrative personnel at four- and two-year institutions grew 84%, from about 543,000 to over 1 million.
By contrast, the number of faculty increased 75%, from 824,000 to 1.4 million, while student enrollment grew 51%, from 13.5 million to 20.4 million.
RTWT You’ll soon see that it is the confluence of Federal interference in K-12, Federal regulation of higher education, Federal student loans and Pell grants, and teacher’s unions political clout which are responsible for the perfect storm of rising costs.