<story><title>College Presidents Making $1M Rise with Tuition and Student Debt</title><url>https://www.bloomberg.com/news/articles/2017-12-11/college-president-salaries-rise-9-and-1-million-paydays-double</url></story><parent_chain><item><author>Retric</author><text>Students are free to go to less expensive schools.  However, as long as people underestimate debt, spending more to attract more students is simply rational behavior.</text></item><item><author>rdtsc</author><text>I remember my tuition rising sharply while the school was building things like a new rec center with a large pool and a lazy river. (Yes, I think there is obvious irony there installing a lazy river on a college campus and making students take 6 figure loans to pay for it). In the meantime the evening college which had people trying their hardest to work and go to school was strapped for funds, couldn&amp;#x27;t afford printer paper and was printing exams double sided in a tiny font.</text></item></parent_chain><comment><author>barrkel</author><text>You say that people underestimate debt, but it goes the other way too. My experience as a poor child growing up was that I could see no way to afford university fees, because the numbers looked too big. Loans wouldn&amp;#x27;t make a difference because I couldn&amp;#x27;t comprehend the subjective experience of making so much more money later in my career.&lt;p&gt;Thankfully, college fees were abolished in my country (Ireland) in 1996. It enabled me personally to envision going to college where I couldn&amp;#x27;t before.</text></comment>
<story><title>College Presidents Making $1M Rise with Tuition and Student Debt</title><url>https://www.bloomberg.com/news/articles/2017-12-11/college-president-salaries-rise-9-and-1-million-paydays-double</url></story><parent_chain><item><author>Retric</author><text>Students are free to go to less expensive schools.  However, as long as people underestimate debt, spending more to attract more students is simply rational behavior.</text></item><item><author>rdtsc</author><text>I remember my tuition rising sharply while the school was building things like a new rec center with a large pool and a lazy river. (Yes, I think there is obvious irony there installing a lazy river on a college campus and making students take 6 figure loans to pay for it). In the meantime the evening college which had people trying their hardest to work and go to school was strapped for funds, couldn&amp;#x27;t afford printer paper and was printing exams double sided in a tiny font.</text></item></parent_chain><comment><author>rdtsc</author><text>&amp;gt; Students are free to go to less expensive schools.&lt;p&gt;Agree it&amp;#x27;s rational but it&amp;#x27;s still ironic.  Things like Uncle Sam handing out loans like candy is not helping or states cutting fund to state school is also not great.&lt;p&gt;The less expensive school tactic from what I hear these days is to go to a community college for 2 years to get as many prerequisites in then switch to a more expensive university to graduate. The rational behavior from the more expensive university is then probably to refuse credits from community colleges so they can increase their profits and fleece students more.</text></comment>