GREG BEATO: The More We Spend On Higher Education, The More We Spend On Higher Education. Things that can’t go on forever, won’t. More: “In the face of the Internet and other technologies that have made information and instruction cheaper and more accessible than ever, you might have predicted that the ever-expanding multiversities of the 1980s and 1990s would suffer the same fate as the music industry and the newspaper business. Instead, scope creep has functioned as an ingenious survival mechanism. . . . It’s true that for-profit institutions are raking in huge profits in large part because of federal subsidies. (The CEO of the holding company behind Strayer University made $41 million in 2009.) But it’s also true that few if any for-profits are using federal money to finance lengthy sabbaticals for high-paid professors who teach a handful of classes a year, or the athletic pursuits of undersized linebackers who should have hung up their cleats after graduating high school. Non-profit institutions of higher learning have been using federal money to make sure American college kids are the tannest, best-fed, most vigorously administrated students in the world for decades now. For a little extra credit, our elected officials should start holding them more accountable too.”
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