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69 Comments
- metrenome, on 11/07/2009, -0/+32"It's hard for me to imagine why anyone should get $1,598,247 for running Hartford, CT-based Rensselaer Polytechnic Institute"
RPI is in Troy,NY. - smashTasker, on 11/07/2009, -4/+30What a bunch of crooks. Most colleges and universities in the USA are a huge scam.
- pathoslogos, on 11/07/2009, -2/+27that picture is BS... its gordon gee, the president of my school, OSU
he put his bonus and raise this year back into a scholarship fund. he also donated around a million dollars to it in the last few years.
just because hes a freaking pimp doesn't mean he should be in this article, even as the picture - Eezyville, on 11/07/2009, -0/+19Yup. It happened here too. Our college president raised tuition, charged us more for everything, then gave herself a raise.
- digitalArtform, on 11/06/2009, -2/+19But college students got 7.2% smarter that year, so...
- mlw4428, on 11/07/2009, -1/+13What I'm about to say will seem controversial in nature, but it's a truth I've discussed with friends on both sides of the fence:
College money is easier to come by today in the forms of grants and scholarships if you're a woman or a minority. The young, white, male has it harder when it comes to getting these types of opportunities (not to say young, white, male opportunities elsewhere, although those are dropping). I see scholarships for female engineering/business/IT/medical degrees. I see scholarships for African Americans, Chinese Americans, etc. I don't see a single scholarship for White Males simply because it'd be deemed racist or unethical.
If the world is about equality why not remove these restrictions on scholarships/grants? Why not allow ALL students the ability to have college paid for and not have to take out buttloads of Sallie Mae's money? - mysql101, on 11/07/2009, -5/+14I blame government intervention for run away college tuition. Money is thrown at education without any care about what we get in return, resulting with skyrocketing prices. Just look at the increase in college education costs compared to the rate of inflation. It is nothing short of highway robbery.
- jv2k, on 11/07/2009, -0/+9Here here.
Even the public colleges that are a "bargain" come out to over $20,000 including all the stuff they force you do get(like a room). - Rkstar, on 11/07/2009, -0/+9I came here to post that. I went to RPI, and while it's not my first choice, it's fun having the college make national news. Trying to figure out why they said that, I did find that RPI recently opened a satellite school in Hartford ( http://www.ewp.rpi.edu/index.html ), but still... RPI is in Troy.
- jv2k, on 11/07/2009, -1/+9Oh that's a load of *****. There is no way the operating cost of the colleges(especially big ones) is so high.
College tuitions are just a way to make sure certain people don't get in. - rednip, on 11/07/2009, -0/+8"If you are a liberal and support government shoveling cash at everyone for education cause its "a right" then don't bitch when the prices go up for everyone."
I guess that I'm that rare liberal who thinks one needs to get value for our money, and would much rather see such money spent better. However, as this is about spending at PRIVATE college, trying to 'pin' this on 'the liberal agenda' is just another boogie man argument that is so prevalent in our political discussion these days, even when the subject has little to do with politics directly.
One could make the subject about reigning in rampant greed, or about the right of private institutions to control their finances. However reigning in rampant greed is usually opposed by Republicans, just look at health care, as they are fighting tooth and nail for the status quo. - mysql101, on 11/07/2009, -2/+9Are government grants not applicable to private colleges?
- thebiznacho, on 11/07/2009, -4/+11Yeah man, ***** education and educators! With their gotdamn liberal research giving us medical improvements, more advanced technology, better understanding of the world, art, music, and general betterment of life. That isn't the REAL world.. that's fake world! And I want a REAL education.. JUST what i need to know to get a job. I don't want to hear any of that leftist, superfluous *****!
- jv2k, on 11/07/2009, -0/+7I have a friend in RPI right now. I wasn't sure what the author was talking about either.
- absurdist, on 11/07/2009, -2/+9Bwaaaaa, hahahahahahahaha...
"If you are a liberal and support government shoveling cash at everyone for education cause its "a right" then don't bitch when the prices go up for everyone."
Right. Which is why higher education was FREE in California until St. Ronald of Hollywood eliminated it, saying "Why should I pay for their education so they can vote against my policies?" Even Ronald the Evil knew that intelligent, well-educated people simply don't vote for idiocy like Reaganomics. - MacBookForMe, on 11/06/2009, -5/+11Dugg for that greedy college headmaster
- osteor10, on 11/07/2009, -1/+7My college has a "Black, Brown and college bound" room strictly for grants/scholarships. I'm not racist in any way but when i see that it seems to be doing the complete opposite of what they intended
- Crimeodial, on 11/07/2009, -1/+7This troll again? He has to be pretending, nobody could possibly be this big of an idiot, he would have choked on his own tongue a long time ago.
- hokie47, on 11/07/2009, -2/+8I bet the average worker at these colleges have not seen a raise in years.
- edstate, on 11/07/2009, -6/+11Yeah, why not? They're getting paid with artificially cheap monies subsidized by they Government. Any fool can get 300k to "go to college" so why wouldn't colleges charge an arm and a leg? And why wouldn't their "CEO"s make a friggin fortune?
- govsucks, on 11/07/2009, -0/+5Waits while holding breath for the people complaining about this to start and run a school and provide good employees and education for less.
/s - bunit03057, on 11/07/2009, -1/+6Student loans and financial aid are just as easy to get for private colleges. Government subsidizes both private and public.
- jv2k, on 11/07/2009, -2/+7I wish I was a fool. The government wont give me a dime for school.
- camaroz06, on 11/07/2009, -0/+4I think our president (Boston U) had his pay frozen last year, anyone that made over a certain amount didn't get an increase. The average worker got around a 3% raise, which isn't bad considering a lot of people didn't get raises or had to take pay cuts in other sectors.
- bunit03057, on 11/07/2009, -2/+6"College tuitions are just a way to make sure certain people don't get in."
Wow you're clueless. I go to a college that has the tenth highest tuition in the country at 54,000. 45% of the student body is on financial aid from the government and barely pays half the tuition. High tuition keeps no one out it only takes more money from those who can afford it.
When my father went to school he came from a poor family but paid for college with a part time job, that was shortly before government started trying to make higher education affordable. The poor can't do that anymore they now must rely on government handouts. - pathoslogos, on 11/07/2009, -1/+5Or maybe his association with our university raised our national profile, garnering extra research money, donations, and better qualified staff, in addition to leading an effort that has made our campus much more environmentally friendly.
But I guess someone that is in charge of the largest undergraduate university in the country and has to deal with hundreds of thousands of alumni and donors doesn't deserve to get paid ~$700,000 a year.
And he is partially responsible for our tuition being frozen. So you're just plain wrong. - MattJF317, on 11/07/2009, -0/+4http://en.wikipedia.org/wiki/Principal-agent_probl ...
- indyGuy, on 11/07/2009, -4/+7Except this article is about private colleges. But, I definitely agree with your point that state schools should have more accountability.
- akoumjian, on 11/07/2009, -0/+3It's not really that surprising. A college's President is basically the person in charge of schmoozing with potentially big donors. When fundraising gets tough, college's need to offer more competitive wages to school Presidents to hopefully increase their large donor base.
- jhietter, on 11/07/2009, -0/+3I think it's pretty disrespectful that they put a picture of Gordon Gee on this article, with dollar signs on his glasses. He's not even part of the article and as you said, he REFUSED his last pay increase AND his bonuses!
- ELLIOTC, on 11/07/2009, -0/+3Just like any "non-profit" at the public feeding table. There is no free market in education. Unlimited subsidies and student loans and grants breed corruption.
Duh. - mysql101, on 11/07/2009, -0/+3@Frixionburne, by making student loans easier and more abundant, they have made it easy to get the cash and thus easier for the colleges to hike the prices - after all, anyone can get the cash needed to pay for the inflated fees.
- ELLIOTC, on 11/07/2009, -0/+3We do not have capitalist education in the U.S.
- Opiate, on 11/07/2009, -0/+1Inflation, not their fault the dollar is tanked. I gather if it was some public position you be stunned to come up with a reason to hate since it falls in line with ideology.
- FleetlordAtvar, on 11/07/2009, -0/+2You blame government? I blame Canada.
- chadsexingtime, on 11/07/2009, -0/+2Isnt this capitalism shining? If you can find people that will pay more for your product, then you can charge more.
I see your system working as intended. - spootmonkey, on 11/07/2009, -0/+2I wish it was in Hartford, CT. Then I wouldn't have to live in Troy. :(
- jerryjamesstone, on 11/06/2009, -2/+4awesome. pic.
- kaelyiesta, on 11/07/2009, -1/+3Here is why the tuition problem is growing:
http://www.youtube.com/watch?v=DbuZpOrAvKQ
Greed will always exist. For it to be problematic though, there must be nothing to keep it in check. Economic interventionism opens new avenues for greedy exploitation and that's the real problem to correct. - ELLIOTC, on 11/07/2009, -0/+2When there is nearly unlimited student loan money available, what do you think is going to happen? Supply and demand.
- atroxodisse, on 11/07/2009, -1/+3Lots of people got raises in 2008. Big woop. Lets talk about 2009. That's what matters.
- stuwanker, on 11/07/2009, -0/+2Sad but true.
- rednip, on 11/07/2009, -0/+2"The only freedom liberals believe in is the freedom of government to spend our tax dollars as they wish to get themselves reelected."
Well, since we are in another good coverstation about facts....
Neo-cons such as yourself don't love their mother and you'all kill kittens for sport.
Now that I've properly insulted you and everybody like you, does that make me right? - JohnChapin, on 11/07/2009, -0/+2Gordon unfortunately probably got his picture on this article because at Vanderbilt he was, at least for a couple of years, the highest paid head of a private university.
That "article" is very poor. RPI is in New York. It's also ridiculous to blame the head of a university for their endowments shrinking in 2008. I don't know anyone whose investments grew in value last year. - Kev585, on 11/07/2009, -0/+1The decisions made, can't say no now
- bunit03057, on 11/07/2009, -1/+2Wait who stole something? All money was exchanged willingly without coercion.
- inactive, on 11/07/2009, -1/+2Ah yes time to find another living breathing scapegoat for absract problems. Never mind that the salary of most bank executives, college presidents and motor company CEO's if slashed to 0% would make little to no difference and is miniscule compared to the amount of public money thrown their way, we at least have someone with a face to turn into the villain!
- ELLIOTC, on 11/07/2009, -0/+1Interesting. I think I get who the agent is, but who is the principal?
If people paid their own way to go to college, then I think this economic issue would hold true. The issue is that college isn't there to serve the needs of the supposed "customers". It is there to serve the needs of "society" (taxpayers in the form of politicians and grant boards, major donations, corporations for research grants, etc.) - femgineer08, on 11/07/2009, -0/+1I agree. As a middle class African-American female, there were many scholarships I could not apply for because I did not qualify for Pell grants. Not all scholarship winners are irresponsible (in fact most probably aren't), but I know a few people who got a full ride from the college I attend AND scholarships on top of that. Suddenly, big screen TVs and all sorts of goodies appear in their rooms.
I'm not against giving financial aid of course, but it should be balanced, so that people get as close to their fair share as possible. It's likely that because of the current system, my financial aid got cut by 10 grand this year. Right now, the poor and lower class who make it to college seem to get tons of money, the rich can pay for it easily, and the middle class gets screwed. - TheWriteGuy, on 11/07/2009, -0/+1The next economic bubble in America will not be in the medical or eco-friendly industries, but in the higher education industry (which is a business).
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