Gold trim on the ivory tower.

AuthorPeters, Charles
PositionTILTING at windmills - Brief article

Once again recalling Columbia 1946, I remember the tuition was $225 a term. What a contrast with the outrageous cost of higher education today! In considering why that cost keeps rising faster than the rate of inflation, one possible culprit deserves more attention. It is the compensation of administrators and the growing size of administrative staffs.

The number of private college presidents earning more than $1 million a year doubled in 2007-08, according to a study reported by John Hechinger of the Wall Street Journal. As for the number...

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