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Personal Finances / Living Below Your Means
|Subject: Re: WSJ: $10K College Degree||Date: 10/9/2012 12:15 PM|
|Author: SeattlePioneer||Number: 867997 of 888826|
<< But they also don't need to build thr Taj Mahal as a student center, or luxury apartments either, which all cost far more than the basic concrete block dorms of long ago to sustain and maintain.
It seems that as a college/university/law school, you have to build these things to get higher/remain on the ranking lists.>>
Yep, that's right. College and professional accreditation agencies require ever more gold plating of schools. It's really gotten beyond gold plating --- they want SOLID gold these days.
<<I wonder where it will end.>>
It wont end until the financing underpinning universities collapse, just like the housing and banking industries. No sign that will happen any time soon --- and of course the banking industry wasn't allowed to collapse, it was bailed out with trillions of Federal dollars.
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