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zoolily 10 months ago

The problem is that there's so little money in academia. In the US, state support for public universities has plummeted in the 21st century. In the last state I lived in, the state university near me went from providing over 75% of teaching costs to under 25% in less than 20 years. Tuitions have risen, but it's important to understand the sticker prices are usually discounted with financial aid. If a university raises tuitions by an amount x, they are usually brining in less than 1/2 x new funding. Ironically, reducing university funding leads universities hire more administrators, as they attempt to replace lost funding with donations or indirect costs.