Earlier quoted context omitted.
businesses go through these challenges all the time. the fat that gets trimmed is what makes them better.
I agree that universities should do more to control costs. I'll push back just a bit that trimming all "fat" would make universities better. Where I am, the "fat" proposed for trimming is support for study abroad, music education, research conferences, and other things that enrich the lives of students and (hopefully) benefit society as a whole.
Assuming I take 12 classes a year and my classes average 15 students each, that puts the cost of providing a single class at $58,750.
What the heck is going on for universities to have such an insane cost structure.