“College student loan debt now surpasses $1 trillion,” Vicki Alger from the Independent Women’s Forum pointed out last summer. If you look at the Chattering Classes, you can see part of what it is paying for:

Rewarding Bad Behavior ^[1]

October 4, 2012

3 presidents at public colleges, including Penn State’s Graham Spanier ^[2], made more than a million in 2010-2011. —Chronicle of Higher Education almanac.

The Ultimate Corporate Welfare ^[3]

September 27, 2012

36 college presidents made more than one million dollars in 2009–Chronicle of Higher Education almanac. —Chronicle of Higher Education almanac.

Sharing the Wealth, Not ^[4]

September 20, 2012

While everybody else was taking cuts in pay and benefits, executive pay went up 4.9 % in colleges—Chronicle of Higher Education almanac.

Presiding Over Failure ^[5]

September 13, 2012

The want ads of the last Chronicle of Higher Education in August feature 15 pages of faculty jobs, 9 pages of administrative positions and another 3 of “executive positions.” Aren’t we getting a bit bureaucratic?

Malcolm A. Kline is the Executive Director of Accuracy in Academia ^[6].

If you would like to comment on this article, e-mail mal.kline@academia.org ^[7].