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Jewish World Review June 13, 2005 / 6 Sivan, 5765 The Increase and Waste of College Tuition By Tucker Carlson
http://www.JewishWorldReview.com |
If you have children under 25, you're probably worried about college tuition. And you should be. Over the past seven years, the price of a college education has risen five percent a year, more than double the rate of inflation. For the price of a single year at Harvard, you could buy a cabin on a lake in Maine. So, no, it's not your imagination: In absolute terms, tuition is getting more expensive.
But why? Why are universities charging more, and why do they need so much money?
It's one of those questions polite people aren't supposed to ask. At a time when colleges have become secular churches, it seems wrong, maybe immoral, even to wonder what the high priest administrators are doing with all those dollars.
Well here's part of the answer: colleges have gone on a building spree. According to a recent Wall Street Journal article, colleges and universities will spend more than $6 billion on construction this year, much of it on non-essentials like recreation centers and lavish dorm upgrades.
Why is this a problem? Because most of us also must follow the rules of a free market. Too rich for financial aid, too poor to pay out of pocket, we take out loans, delay retirement — whatever it take to send the kids to school.
It's a fair bargain, as long as colleges are good stewards of our money. But then they're not — when they waste millions building temples to their own significance — it's time for the rest of us to complain. Loudly.
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© 2005 Tucker Carlson |
Mitch Albom | ||||||||||||
