Colleges Complicit In Raising Tuitions

How colleges are complicit in raising tuition - The Term Sheet: Fortune's deals blogTerm Sheet: "GW just built a new $130 million "super dorm" and $33 million textile museum. It is not alone. The University of Pennsylvania's gym recently underwent a $10 million renovation to include an Olympic-sized swimming pool, co-ed sauna, juice bar, golf simulator, and climbing wall. Kenyon College, a liberal arts school, has a $70 million athletic center with similar country club features. While these amenities are definitely an attractive proposition to prospective students at face value, what they really end up doing is spiking tuition costs, further contributing to America's $1 trillion student loan debt crisis. Additionally, these facilities are inconsistent with the core competency of higher education institutions. To be quite literal about it, the mission of GW is to "commit itself to excellence in the creation, dissemination, and application of knowledge." Are super dorms inherent in this thesis?" (read more at link above)

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