Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
There’s a lot of really over paid administrators and they spend money on a lot of avnifg bullshit. Basically because the government stopped funding colleges directly and offers loans, the colleges just spend money to our compete each other and become “prestigious”. They’re all “non-profit” so they spend the money somehow and just increase their budgets constantly. If there’s any extra they build a new football stadium…
Without anyone to be accountable to, they just increase tuition, which people pay because there’s always loans. Then they always find something to spend the money on. Theres administrators making millions.
There’s a lot of really over paid administrators and they spend money on a lot of avnifg bullshit. Basically because the government stopped funding colleges directly and offers loans, the colleges just spend money to our compete each other and become “prestigious”. They’re all “non-profit” so they spend the money somehow and just increase their budgets constantly. If there’s any extra they build a new football stadium…
Without anyone to be accountable to, they just increase tuition, which people pay because there’s always loans. Then they always find something to spend the money on. Theres administrators making millions.