With college students sinking in college debt each year one thing that no one is talking about
in making college more affordable is the university’s payroll. College and University payrolls are bloated and need a reset just like any business does. Here is an example:
Indiana University just released their 2016 budget. The payroll expenses are staggering.
$1.23 Billion(63%) of a $1.96 Billion budget goes to salaries/benefits. This needs contained immediately. One way to do it is make less general study classes (liberal arts) “mandatory” and get the kids in and out in three years or less.
This would equate to less staff needing hired etc.
Colleges won’t do it this way and will only change when the college debt bubble pops.