The article is about UK Universities. Stanford is not broke. http://facts.stanford.edu/administration/finances
It can still be the case that they are spending excessively on administrators. They can easily use any potential savings by adjusting the way their scholarships taper off versus income.
Maybe, but using one of the most successful and wealthy institutions in the world as an example of ineffective bloat isn't useful for the overall argument.
"This workout routine is a waste of time and effort. See, look at Usain Bolt doing it."
When student loans were able to be discharged in bankruptcy, it was popular to declare bankruptcy on graduation. By the time they saved up enough for a down payment on a house, the bankruptcy will have fallen off the records, so effectively they got a free education (not the ideal mechanism for doing so, better to give people free education upfront). Maybe there is a middle ground where student debt is not easily dis…
All student loans should be subject to income-based repayment. They can still be very difficult/impossible to discharge in bankruptcy, but you shouldn't have to make significant payments on them unless you're actually making decent money.
This is how it works in Australia and it works very well IMO.
It also indexes with inflation so that there isn't a major stress if you graduate with a low paying job and work your way up to a higher salary.
This does mean its everyone's lowest priority to pay off, but you can't reasonably avoid paying it other than not making an income.
There is a huge new "student ethics" bureaucracy to handle that stuff that never used to exist. In the past, if you got drunk and did something you later regretted, that was your problem, as it is for any adult in the real world.
That's not true at all. Universities used to be much more involved in student life. Read up on 'In Loco Parentis' in higher education.
They were involved in a supervisory role. All male or all female dorms, mandatory on-campus housing, curfews, tightly controlled visitation and social events. Now, students get to do whatever they want and are only held to account after the fact. There is a huge ethics bureaucracy with committees conducting hearings, investigations, and various other CYA activities after the shit has hit the fan.
I work in post secondary administration, so I think I have some perspective here. Part of the problem, at least in the US & Canada (Where I live) is that post secondary institutions are positioning themselves less and less and places to get an education and more and more as places to go for an "experience." Its no longer enough to provide a quality education, universities now are selling themselves on their facilitie…
This is the view of people who have not really looked at university budgets. "experiences" are cheap compared to headcount. Buildings and experiences are mainly funded by outside donation specifically for the experience or building. People do not often donate to "expand salaries and headcount for faculty and administrators". The result is that students pay for headcount and donors pay for experiences. It isn't just a…
On the research point, why are research and teaching commingled? Both are important, but it seems that they require very different skillsets. Would we be better off filling universities primarily with people who love teaching, and are great at it, and having some other kind of institution (or some separate division of universities) do the research? Is this heresy?
Yes. This is why I refuse to donate to my alma mater anymore. Tuition has nearly tripled in in fourteen years while they are still teaching the same number of students with roughly the same or fewer full time faculty. There's something seriously wrong with that and this is a huge symptom of it. Until they get their shit together, they need less money coming in, not more. This is supposed to be a nonprofit institution…
When student loans were able to be discharged in bankruptcy, it was popular to declare bankruptcy on graduation. By the time they saved up enough for a down payment on a house, the bankruptcy will have fallen off the records, so effectively they got a free education (not the ideal mechanism for doing so, better to give people free education upfront). Maybe there is a middle ground where student debt is not easily dis…
The budget of stanford pasted in this thread shows that tuition is 20% of the income alone.
Sure, tuition could be made cheaper, but i'd say the incentives got perverted because they don't need more students at all. They get their money from somewhere else.
Is this true in the US, in general? My alma mater has a circa 9 billion dollar endowment... yet it still sends me sob story letters soliciting donations.
As an adjunct professor running one class per year, I ran the calculation of: (Amount I'm paid per class / (students in class * cost per credit * credits for class) ) And found I'm paid about 10% of what the students pay for the experience of taking my class. I can't help wonder what happens to the rest of that money.
Now that's a business model screaming for disruption.
Yeah, who needs the Library and Archives? The book conservation lab is one of the things in the RWC location, that's clearly overhead that's totally not needed! Buckminster Fuller's models? Let 'em molder.
I don't think the argument is that all 2,700 administrators are unneeded, but rather that everything would run as good (if not better) without that much administration bloat.
So, basically, the point is so handwavy that disputing the details is pointless?
Yeah, who needs the Library and Archives? The book conservation lab is one of the things in the RWC location, that's clearly overhead that's totally not needed! Buckminster Fuller's models? Let 'em molder.
I don't think the argument is that all 2,700 administrators are unneeded, but rather that everything would run as good (if not better) without that much administration bloat.
For you to make that argument, you must first make the case that 2,700 actually constitutes bloat. Who exactly would you say is expendable and why?
(Not getting down to brass tacks is the great weakness in the article too, I think. The author seems to have an idea that these expendable positions can simply be identified by filtering out anyone who can't explain what they do in non-jargon terms, or asking the surplus employees to simply name themselves so they can be cut. Nothing in business is quite _that_ easy.)