This is one of the most obvious reasons for the massive increases in the cost of college tuition.
From the Heritage Foundation:
Why College Costs Are Out of ControlAmerican colleges and universities are failing in one of their most basic missions: to equip students with the tools they need for a career.Many students graduate ill-prepared to earn a living and pay off the debt they’ve accumulated getting their degrees—40% of those who start college don’t finish within six years.Additionally, students are often subject to indoctrination into socialist ideology. They face hostility toward opinions that don’t conform to the predominantly leftist thinking on campus.They’re also immersed in identity politics that pit students of different backgrounds against one another.Despite these problems, colleges continue to raise tuition. Because federal loan money is handed out with little scrutiny as to the student’s ability to pay it back, colleges have had free reign to raise prices at levels often double the inflation rate.Flush with all that money, their first spending priority often isn’t the classroom but the bureaucracy.From 1987 to 2012, America’s higher education system added more than half a million administrators, doubling the number of administrators relative to the number of faculty.To pay for these ever-increasing costs, students are borrowing more money and taking on more and more debt.
Here’s a video that goes with this report:
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