How The American University Was Killed in 5 Easy Steps
This is an excellent article, it talks about how the corporations have influenced the universities, and how the money from all the over-priced tuition certainly isn't going to the armies of underpaid adjuncts now serving as your new freshman's professor. It also makes some serious points about the extreme student debts and the lack of pay off and the worry and fear students hold for their futures realizing their future debt slavery. I have written this before, that we stand before the abyss of a college bubble that will burst like the housing one and it will explode when people confront the brick wall called reality and realize that starting off life poor with a debt for an education that brings no better wages is no plan at all. He mentions tuitions that have been raised over 2000%, corporation influence and whoredom, "Academia should not be the whore of corporatism, but that’s what it has become." and much much more.
They basically discuss the answer to the question where is all the money going?
"I’d like to mention here, too, that universities often defend their use of adjuncts – which are now 75% of all professors in the country — claiming that they have no choice but to hire adjuncts, as a “cost saving measure” in an increasingly defunded university. What they don’t say, and without demand of transparency will NEVER say, is that they have not saved money by hiring adjuncts — they have reduced faculty salaries, security and power. The money wasn’t saved, because it was simply re-allocated to administrative salaries, coach salaries and outrageous university president salaries. There has been a redistribution of funds away from those who actually teach, the scholars – and therefore away from the students’ education itself — and into these administrative and executive salaries, sports costs — and the expanded use of “consultants”, PR and marketing firms, law firms. We have to add here, too, that president salaries went from being, in the 1970s, around $25K to 30K, to being in the hundreds of thousands to MILLIONS of dollars – salary, delayed compensation, discretionary funds, free homes, or generous housing allowances, cars and drivers, memberships to expensive country clubs."
"The Second Prong: You make college so insanely unaffordable that only the wealthiest students from the wealthiest of families can afford to go to the school debt free. Younger people may not know that for much of the 20th Century many universities in the U.S. were free – including the CA state system – you could establish residency in six months and go to Berkeley for free, or at very low cost. When I was an undergraduate student in the mid to late 1970s, tuition at Temple University was around $700 a year. Today, tuition is nearly $15,000 a year. Tuitions have increased, using CA as an example again, over 2000% since the 1970s. 2000%! This is the most directly dangerous situation for our students: pulling them into crippling debt that will follow them to the grave."
"Within one generation, in five easy steps, not only have the scholars and intellectuals of the country been silenced and nearly wiped out, but the entire institution has been hijacked, and recreated as a machine through which future generations will ALL be impoverished, indebted and silenced. Now, low wage migrant professors teach repetitive courses they did not design to students who travel through on a kind of conveyor belt, only to be spit out, indebted and desperate into a jobless economy. The only people immediately benefitting inside this system are the administrative class – whores to the corporatized colonizers, earning money in this system in order to oversee this travesty. But the most important thing to keep in mind is this: The real winners, the only people truly benefitting from the big-picture meltdown of the American university are those people who, in the 1960s, saw those vibrant college campuses as a threat to their established power. They are the same people now working feverishly to dismantle other social structures, everything from Medicare and Social Security to the Post Office."
Please read the whole article at the above link, it brings so much together.