They need to dramatically lower headcount including professors and likely lower salaries as well. The total expense of US higher education needs to come way down.
Federally guaranteed student loans exceed $120 billion every year. That is a massive subsidy, and it may be increasing costs for more people than it helps. The glut of admissions being able to pay artifically high tuitions is emboldening administrators to add more dormitories every year, expand the administrative class, and build rec centers -- raising tuition even further.
> Last year, FSA provided more than $120 billion in
federal grants, loans, and work-study funds to
approximately 13 million students at nearly 6,000 participating schools.
really, really untrue. My most recent trip to Asia had most of the "smaller" midwest Uni's promoted (as for many it's the only way into US higher Edu).
well the cpu, ram, storage, and video card were never made by apple anyway. the case, motherboard, and other various hard bits and (maybe most importantly) operating system are still apple.
