In Getting What You Pay For?, ACTA found that the cost of higher education at the 52 publicly-funded institutions have “[b]loated administrative costs, shaky curricula, outsized athletic spending, and misplaced priorities.”
As a result,
32 of the institutions examined in the report pay their president a salary
equal to or greater than that of President Barack Obama ($400,000). The average
salary for a full professor at these schools is $133,194.
Many
universities have dozens of majors that graduate fewer than 10 students
annually; at some schools, these small programs make up over a third of all
programs offered. At the University of Vermont, such programs account for 43.6
percent of the school’s bachelor programs.
Despite such
small programs, just 53.6 percent of the students pursuing a four-year degree
at these universities graduate in four years.
Moreover, none
of the universities require so much as a basic economics course. Only five
require an American history or government course.
“The American
people are directing millions of dollars to these universities and the return
on investment seems too often to be lower academic standards, wasteful
spending, and plenty of student debt,” said ACTA president Anne D. Neal in a
release. “It’s time for our colleges and universities to uphold their
commitment to the people who finance them.”
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