Trevor wrote:I've seen just what college is costing. At my local college, the tuition rates have doubled in just five years and that doesn't include the ten percent increase that occurred in 2012. I'd like to know just where all that money is being spent. It's certainly worth investigation at least, not that I see it happening in the near future. If I had to hazard a guess, I would say that most of it is going to hiring more and more administrators, not to mention all the fat pay raises that they're receiving. The president of this school gets paid 350,000 a year, not including all the benefits he receives, such as free housing. I heard somewhere (can't swear to this, but it wouldn't surprise me) that in the past 15 years, college teachers have only increased by 15 percent or so, while the number of administrators has more than tripled over the same time frame.
And after going 25,000 or more into debt, you may not even get a good job to pay off all of your student loans. Half of all graduates are unemployed or underemployed a year after graduation. It's getting to the point where many are just not bothering to go to college. If you want an example of waste, look at our colleges.
I think this is another way of saying that all the benefits of inflation and stimulus have been realized and now, on net, inflation and stimulus are making things worse. Not only are they making things financially worse, but your story and many others are indicative of moral decay which results from inflation and stimulus. The 7 Deadly Sins which would include greed and sloth are only made worse with an abundance of money for some.