So the cost of college is skyrocketing and teachers are getting paid less and less. Where is the money going??
This is a UK source, but I think it reflects the view of most students in the West:
http://www.bbc.co.uk/news/education-14616788
I feel bad for saying something like "kids these days" (I'm one of them, admittedly) but "fun" seems to be a big factor in a student's choice of a school today. Admittedly, this is mostly based on anecdote and stereotypes (I think there's a reason why "college life" is commonly associated with parties and frats). I won't say that the social aspect of education is unimportant, but it seems that rather than making the education itself more "fun", universities in the last few decades have gradually increased funding for recreational buildings, big events, frats, and sports [1], etc. Of course, I don't know how significant these costs actually are, and I'm happy to be convinced by some budgetary data if this is actually a non-issue.
[1] http://www.usatoday.com/story/news/nation/2013/09/15/athleti...