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View Diary: Colleges pour money into administration, football, and buildings—but teaching, not so much (192 comments)

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  •  It is true.. (1+ / 0-)
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    Cat Whisperer

    I heard the term "amenities war" being used - schools needed to build all kinds of nice things to attract students, so they spend more and more just to stay even.

    I think the other side of it is that there was cheap and easy credit that allowed students to pay the higher fees, so for a while there wasn't all that much push-back on the increasing fees.

    And when the economy was booming, students could find jobs that allowed many of them to at least make the payments on the debt, so it all appeared as if things were working.

    But cheap and easy credit is over with, and kids getting out of college are having a hard time finding jobs.  But schools are just as expensive as ever...

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