OT - Columbia raises $6.1 billion | Page 3 | The Boneyard

OT - Columbia raises $6.1 billion

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You do know Forbes is the Bleacher Report for the news, right? It's where amateurs post their drivel.
But, even in the link you posted, he is looking at tuition increases which, AGAIN, is not expenditures! This is the whole point. To say administrator expenses are up 35% over 20 years is not to say they are a cost driver for tuition, since the total cost of all administrator salaries are still under 1%. It's interesting that even the article acknowledges that full-time faculty is now way down in numbers, but then the author conflates administrator/faculty pay as the same thing, which it's not. There are a lot more administrators, a lot fewer faculty. By combining them both, he shows increased labor costs. It's a deception.

The rest of the stuff is just mind-boggling canards. Sabbaticals every 3 years? Huh? Where? Not at any institution I know of. Where does he come up with that? I suspect he doesn't know the difference between a sabbatical and an unpaid leave (i.e. for a fellowship or project). Sabbaticals are fully paid, and they're only available at R1 research institutions, and they happen about once a decade for more faculty. Those who take more time off from teaching do so with the help of outside grants and fellowships while the university stops paying them salary (though sometimes a school may decide to top off the professor's salary if the fellowship is somewhat lower than the salary).

As for the pensions, you listed retired people. From the Health Center. Those pensions stopped being options for new employees 2 decades ago.

Here's the UConn retirement plan for employees: http://www.osc.ct.gov/empret/tier3spd/letter.htm

It's a 403(b), a non-profit form of the 401(k).

The only deception is the notion that somehow tuition increases are a function of anything other than our of control personnel related costs. http://ivn.us/wp-content/uploads/2013/08/tuition-tipping-point.jpg

How about we compared university real salary wages against general wages of Parents? The think real wages have fallen by 5% . I guarantee wages for university professors have outstripped inflation. Sorry, Just not buying what your selling. The educational industrial complex do mental gymnastics to convince us that the something other than the obvious truth is at work.
 
The only deception is the notion that somehow tuition increases are a function of anything other than our of control personnel related costs. http://ivn.us/wp-content/uploads/2013/08/tuition-tipping-point.jpg

How about we compared university real salary wages against general wages of Parents? The think real wages have fallen by 5% . I guarantee wages for university professors have outstripped inflation. Sorry, Just not buying what your selling. The educational industrial complex do mental gymnastics to convince us that the something other than the obvious truth is at work.

You are wrong in each and every post.

Faculty wages nationally average $62k for tenure and tenure track. That's mid-career. But since the numbers of full-timers have fallen drastically from 75% to under 30%, the money is way down. Comparing faculty to parents is absurd as well. Consider, a plumber becomes an apprentice after high school and goes on to average $45k until retirement (according to payscale). A faculty member with an average of 10-12 years post-grad and fellowship gets the first job at average age of 34 and gets tenure after 40. They have 30 years to earn at an average of $62k, not to mention the loans from 16 years of school. When you add it all up, middle class parents are much better off. And even this is taking into consideration engineering and science faculty with high salaries (compared to others who average less than $62k) who are bringing in research grants that pay their salary (i.e. it doesn't come from tuition or taxpayers).

I gave you a full blown bipartisan study of costs. You gave me a graph on tuition.

How can we even have a conversation when you don't understand the difference between tuition (which is a fraction of costs per student) and expenditures. There is a world of difference between the two.
 
USC has raised 3 Billion in 2 years. According the the Annual Presidental Address I attended last Weds....
 
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