23 karma · joined November 28, 2012
There are definitely non-profits with really high administrator and executive compensation that don't spend money optimally to meet their stated goals. I'm interested in discussing the degree to which colleges resemble this type of non-profit.
What are all the high tuitions being used for, and how efficiently are they being used? To start to answer that question, I think I need to understand more about the goals of non-profit colleges and who sets most of the policy (high-paid administration? professors?).
My guess would be the high-paid administration, which definitely seems to be a problem.
It's interesting that you see one of the primary motivations as competition. Is this competitiveness mostly from the administration and researchers? Who benefits from a college being better than others? Do the administrators get paid more or do the researchers get published more easily? I'm interested in how all the motives and structures break down.
With regard to your last paragraph - adult life certainly does mean very different things to different people. However, I think almost everyone agrees that financial independence and stability is important. I'm going to quote another paragraph from patio11:
"No college will actually do this (quantify the value of a degree by major) because transparency goes directly against their interests: if all degrees from a particular institution are valued at “An uncertain, but certainly large and roughly constant number”, then the standard practice of pricing them all identically makes sense."
That lack of transparency seems careless on the part of the colleges. To me, it actually seems malicious, though that might be going too far. It seems obvious that undergraduate students should be more aware of their financial prospects after graduation, but it seems like no one in the system cares.
That kind of depresses me though. I guess it seems odd how so many adults don't have close friendships. I'm not sure whether it's just a common part of adulthood, or whether it's because of cultural or other factors in the US.
That actually seems to be a big disconnect. Among my friends who play games, it seems like all their close friends play games too.
I think the hard part is that it takes time to develop close friendships, especially with a full time job.
I'm impressed that you talk to your close friends once a week. Are all these friends in the local area, or do you talk to them online? I think only seeing friends a couple of times a year in real life has led to us not talking much anymore.
I only talk to my close friends once every couple of months now, and that makes the friendships feel much less close. I don't know much about what's happening in their lives anymore (and vice versa).