As a person who does business with 5 colleges....let me just say - they ain't hurting a bit.
Of all the industries I work with, colleges waste an ENORMOUS amount of money...from grossly overstaffed offices to positions where MAYBE 10-15 hours of actual work per month is done.
Colleges could reduce tuition by 20-%-30% - and get rid of unnecessary positions and reduce staff to at least a number that makes sense.

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The most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility 2008 - David Walker, Controller General of the United States