Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’

US public universities have been on a spending spree, passing the cost onto students and contributing to the student debt crisis. State funding cuts and lack of accountability have led to rising tuition costs.

August 10, 2023 . 4:30 PM

1 min read

Public universities in the US have been on a spending spree, building new facilities and programs while passing the cost onto students.
Universities have raised tuition prices and relied on student loans to finance their projects, contributing to the student debt crisis.
State funding cuts have led universities to increase tuition revenue far beyond what was necessary to cover the gap.
Universities prioritize raising revenue over cutting costs, with little accountability or oversight.
Spending on administrators, faculty, coaches, and facilities has increased significantly, contributing to rising tuition costs.