When most of us get in financial binds, we look at ways to cut expenses. Not universities.
“Colleges and universities are overwhelmingly dependent on the revenue that they receive from tuition, fees, room and board,” Brian C. Mitchell writes on the academe blog maintained by the American Association of University Professors (AAUP). “Many are not reaching their projected enrollment numbers.”
“Colleges face rising financial aid discount rates, now at 50 percent. The number of full-pay students has dropped precipitously in the past 20 years while the sticker price at high-priced tuition schools approaches $70,000 per annum.”
