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by capote
3649 days ago
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This is a very pessimistic and conspiracy-theorist-ish way to look at it. Yeah, most entities in the world don't operate at maximum efficiency or make perfect use of their money. Doesn't make them worthless, or even close to it. |
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Studies have shown that the effect on universities is that "administrative expenses" have increased to absorb around 90% of the additional tuition funds coming in from loan-bearing students.
The parent is not pessimistic nor conspiratorial. This is observed behavior on the part of the universities.