needs moar digging (maybe on where all this $$ goes) but here is a start-
It may not be just the aristocratic plutocracy of this country bribing their kid's way into college its a spider web of dot connecting over the decades..
It may be TIME TO RE-VISIT STUDENT LOANS- scandals, deceit, fraud?
Looking at how college tuition became the 'Big Short' of college students/families
and the bane of their encumbered pocketbooks and credit scores.
How is it that these Universities are bloated with endowments some never touch and accrue exponential wealth
while still holding their hands out to alumni and federal government and also phenomenal tuition rates for students.
lets take a peek-
Price Of College Increasing Almost 8 Times Faster Than Wages
"…It’s no surprise that student loans now make up the largest chunk of U.S. non-housing debt. Yes, more than both credit cards or auto loans.
Millennials face record levels of student debt, and the culprit seems to be the explosive increase in the cost of a college education…"
https://www.forbes.com/sites/camilomaldonado/2018/07/24/price-of-college-increasing-almost-8-times-faster-than-wages/#3edd67aa66c1
How The Cost Of College Went From Affordable To Sky-High
Servicemen's Readjustment Act of 1944, better known as the GI Bill of Rights was instituted post WWII to help servicemen get a boost in job
placement after the war. Though colleges dug into their own pockets to help subsidize the costs; the federal government paid a portion
through Federal Perkins Loan program, which did for civilians what the GI Bill had done for veterans — and opened college gates even wider.. In 1965-1970 civil rights created more demand and colleges provided the grants and other forms of financial aid programs. Then in 1973 inflation and gas shortages from oil embargo and a recession the tuition hikes began the current woes- or perhaps the public perception of high cost = better education was the cover for the increases to administration coffers?
https://www.npr.org/2014/03/18/290868013/how-the-cost-of-college-went-from-affordable-to-sky-high
100 wealthiest universities/colleges
https://thebestschools.org/features/richest-universities-endowments-generosity-research/
#1 first place
Harvard University — $36 Billion
Cambridge, Massachusetts, USA
#100 last place
Vassar College — $1.002 Billion
Poughkeepsie, New York, USA
Top paid executive compensations
sauce:
https://www.chronicle.com/interactives/executive-compensation#id=table_private_2016
K Starr Baylor Univ $ 4,946,996.00
L Bollinger Columbia U $ 3,927,961.00
A Gutmann U of Penn $ 3,211,681.00
stopped counting at 45 for $1,000,000.00 and over; many of the universities are top 100 (above)
The Highest-Paid Public University Presidents: No. 1 Is Engulfed In Scandal
https://www.forbes.com/sites/susanadams/2018/07/15/the-highest-paid-public-university-presidents-no-1-is-engulfed-in-scandal/#6b7f999366c1
"The highest-paid public university president last year, James Ramsey, 69, of the University of Louisville, made a total of $4.3 million, according to The Chronicle of Higher Education’s eighth annual survey of public university presidents’ compensation. That’s $2.5 million more than the next-highest-paid president, Jay Gogue of Auburn University in Alabama, and $3.7 million more than the $560,000 average compensation of the other 250 presidents in the survey, which showed average pay climbed 5% from the previous year…. he is facing a lawsuit that charges him with breach of fiduciary duty, fraudulent appropriations and improper diversion of funds for personal gain"