Why have the costs gone up so much? Because Colleges and Universities are being run like for-profit businesses while falling down on the job of controlling costs. Don't get me wrong, they should be run like a business by being effcient and productive, but not with the sole objective to be profits.
My wife manages a 2 million dollar grant-funded program at the University of Washington. UW takes 56% of every grant dollar right of the top. And that's considered low for most big schools. The actual program that won the grant only gets 44% of the money to work with. WTF?
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