[HN Gopher] Colleges urged to produce better information on how ...
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       Colleges urged to produce better information on how they spend
       money
        
       Author : hhs
       Score  : 16 points
       Date   : 2023-08-12 19:14 UTC (3 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | downrightmike wrote:
       | "Well, we inflate tuition so we can give enough assistance so we
       | don't have to pay taxes, because that makes use a tax exempt
       | charity. And then we stuff nearly all the money into our
       | endowment. Which is quite a lot because it barely takes the
       | tuition the freshman class pays to pay for all the education of
       | all of the students we have. And then we expand the
       | Administration so we can milk more alumni and donors."
        
       | euroderf wrote:
       | Higher ed is too important to be left to professionals, it seems.
        
       | next_xibalba wrote:
       | This is a good, if very minimal, start. The cost of a college
       | education is utterly absurd and the fault lies primarily with the
       | administrators (and the people whose duty is to oversee them).
       | 
       | This is also adjacent to my views around student debt relief. I
       | will never support any student debt relief that doesn't hold
       | schools accountable for producing huge numbers of graduates with
       | economically useless training. Schools need to be saddled with a
       | large share of that liability, not just taxpayers.
        
       | quercusa wrote:
       | _"Prior boards were merely ceremonial. If you've got a board that
       | never asks about financials and just wants to talk about winning
       | the next game or when the cocktail party is, they are not going
       | to get a lot done," he said._
       | 
       | I had a trustee (of a private institution) tell me "We just
       | approve whatever the administration sends us." I'd long suspected
       | that was the case but was shocked to hear someone say it out
       | loud. I guess if you asked too many questions you wouldn't be re-
       | nominated and you'd miss out on the dinners, swag, and honoraria.
        
       | archo wrote:
       | https://archive.is/ej4lP
        
       | egberts1 wrote:
       | Somebody has to pay for all those failed politicians going into
       | the ever-so bloated college administrations.
        
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       (page generated 2023-08-12 23:02 UTC)