Higher education’s house is on fire - David Masciotra, Indianapolis Star

There is no costlier hustle in America than higher education. Since 1985, the college inflation rate has hit 500 percent, far outpacing inflation in any other sector of the economy. College leaders have used the massive influx of money to give themselves lives of leisure, and create an administrative class of bureaucrats to protect their power. During the same period of soaring college tuition, universities have cut their instructional staff. Refusing to hire more full-time teaching staff, they increasingly rely on part-time instructors. Adjuncts receive a miserly sum of money per course, despite the fact that they are typically as qualified as their tenured counterparts, and one study, from Northwestern University, demonstrated that they often are better teachers. If universities, already sitting on large endowments and the loot from fundraising campaigns, are bringing in more tuition dollars than ever before, where is all the money going? http://www.indystar.com/story/opinion/2014/06/22/higher-educations-house-fire/11100525/