And I think it is criminal that schools charge that much. There is no reason for the education to be so expensive.
Oh there's a reason all right: it's because deans, admins and profs demand astronomical salary/compensation packages for a cupcake job. Just look at this vile pig from U of Maryland:http://www.abajournal.com/news/article/ ... eturn_60k/
andhttp://articles.baltimoresun.com/2010-0 ... n-payments
360 K a year for a do-nothing, figurehead job. And this is at a state school! But that just wasn't enough: she had to scam extra $$$ for sabbaticals she never bothered to take! Kids, these are the kind of folks you want to hand your (borrowed) money over to? People who ruthlessly grub for every last nickle while scolding everyone to "give something back" and "do lots of pro-bono"!
And by comparison, her salary was peanuts. There are deans at private law schools making 600-800 K, and plenty of professors raking in 250-300 K for about 6 hours of work a week. It takes a dozen students paying full boat just to cover the annual salary of the average law school dean.
All of this is made possible by the student loan scam. The schools risk nothing: it's heads they win, tails you lose.
The entire system is a bubble that is only now finally starting to burst. They won't be able to hide the truth much longer. Tuition is simply out of control, and jobs are never coming back. What I paid sticker for a TTT in 2001-04 is what that school would now cost with a 60% ride.
These deans aren't stupid. They're gonna suck every dollar they can before the system finally collapses and their diploma mills become ghost towns. Since the profs are tenured it's impossible to cut their salaries, not to mention all the lavish, opulent facilities these dumps built in the 1990s and early 2000s, all financed by notes which assumed ever-rising tuition and perpetual waves of new enrollment. It's similar in nature to a Ponzi scheme, but like all Ponzis it will crumble when the quantity of new suckers dries up.