Reply to WaPo feature on bad economic outlook for colleges

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[quote=Anonymous]The problem is that many universities are now run like corporations. Thus have marketing departments, high end financial portfolio managers, managers to run their country club like amenities for students and faculty, and just layers upon layers of useless managers and departments where staff make 6 figure salaries.   You could prob get rid of half of the useless jobs on campus and the university would still function fine. The problem is that you have so much stupid emphasis on University rankings by dumb publications like USNWR that pump the whole system up, and it factors things like endowment sizes and amenities for students into the ranks of perceived desirability to go to such a school by prospective students.  Everyone has their hand in the cookie jar in order to pay themselves large salaries while running educations like a Fortune 500 company.  The whole system will implode when jobs and salaries no longer keep up to pay for all of the debt now required to support this massively over bloated system.  Same thing happens often in healthcare.  [/quote]

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