Where does the absurd profit margin of colleges go?
I'm am one of 50 students taking a 1200 dollar online class, the entirety of the class is maybe 30 minutes of video lecture, being told to buy books and write essays on parts of them, and the teacher grading those essays. That's >50,000 dollars for a web course I could put together in a couple days. How is it possible that colleges can sell something so worthless for so much?
- MSLv 72 months ago
Unless it is an online or other for-profit university, then the school is not making a profit. It's covering its expenses. Your tuition and fees for that class serve to cover the cost of offering that particular course, but also university infrastructure and costs in general.
- GypsyfishLv 72 months ago
Most colleges do not make a profit. They barely survive on what funding they get from the state and tuition. $1200 for a course is really cheap these days. Colleges compete for the best faculty- and that makes a big difference in how impressive your degree will be when you go looking for a job. You're paying for the people who processed your application, and if it's a traditional brick and mortar school, for the grounds, buildings, staff, administration and faculty. If you're in an all online school, you might have reason to complain- it was a poor choice on your part because those degrees are not looked on very highly.
- Karen LLv 72 months ago
It goes into the pockets of those who run, own, work at, and perhaps hold shares in the school. Where else?
- 2 months ago
Just look at academic executives' salaries. They have no shame.