We all know how high the price of college has reached. But, we don't know where all that money is going. An article in the NY Review of Books says it's not going to the faculty, particularly the adjunct faculty, which in 1969 made up 22% of the total faculty and today is 67%. College administration ballooned by 51% from 1975 to 2005.
I happen to think that a lot of the money goes to athletics, which is becoming a 12-month activity.
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