Tuesday, February 28, 2012

One of the reasons why the cost of higher education keeps exploding

For several decades the cost of higher education has climbed two and three times as fast as inflation.  It used to be that a student could work himself through school and graduate with a BA or BS without being in debt.  Now millions of graduates are suffering from billions of dollars of debt.

U execs are paid handsomely on their way out reports:

Since retiring 18 months ago as chancellor at the University of Minnesota Duluth, Kathryn Martin has collected more money from the U than she did in her last two years on the job.

One of nearly a dozen university executives to step down in the past two years, Martin was granted a two-month sabbatical, a 15-month "administrative transitional leave," a final deposit to her retirement fund, and a severance check. Total: $535,700.

Hat tip: Instapundit


Anonymous said...

I am a college student myself and this post has really caught my attention! It's shocking to see those kind of numbers!

Henry Cate said...

I am glad you found this post worthwhile.