Monday, July 01, 2013

Why are student loans so high?

Part of it is a lack of discipline and cost control at both public and private universities. By either tuition or taxpayer direct support - to administrators, it is just OPM.
... City University of New York ... is apparently paying CIA Director General David Petraeus $200,000 each year to teach for three hours per week. His class will be largely filled out by graduate student staff, who will handle “course research, administration, and grading.” Normal adjunct professors at CUNY make approximately $25,000 per year.
More info at the link, including a quote from Petraeus that won't make him your favorite retired public servant anytime soon.

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