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This is why students are drowning in debt


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2017 Jun 5, 4:31pm   1,188 views  2 comments

by FortWayne   ➕follow (1)   💰tip   ignore  

http://californiapolicycenter.org/25-uc-retirees-receive-annual-pensions-exceeding-300000/

When you have education system that frivolously spends other peoples money, there is no amount of money that can sustain it. Better raise that tuition, after all government subsidizes it, and if government can't keep spending just cry racism until money flows into the system.

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1   Indiana Jones   2017 Jun 6, 8:51am  

From the OP article:

"Dr. Fawzy is now estimated to be receiving around $369,000 annually. But Fawzy also draws a UC salary, one of several hundred UC retirees brought back to teach after retiring. “Recalled” retirees, such as Fawzy, are eligible to draw both a salary and a pension. Fawzy’s total university income exceeded $650,000 in 2015."

This is criminal and it's a unconscionable that this is allowed. This "double dipping" happens throughout our government for pensioners. On the other hand, a non-tenured Ph.D. lecturer in the UC system makes $53,524 (according to glassdoor),

Besides the crazy hierarchical structure at these schools, most tenured faculty are from a small number of elite schools.

http://www.slate.com/articles/life/education/2015/02/university_hiring_if_you_didn_t_get_your_ph_d_at_an_elite_university_good.html

"a new study published in Science Advances that scrutinized more than 16,000 faculty members in the fields of business, computer science, and history at 242 schools. He and his colleagues found, as the paper puts it, a “steeply hierarchical structure that reflects profound social inequality.” The data revealed that just a quarter of all universities account for 71 to 86 percent of all tenure-track faculty in the U.S. and Canada in these three fields. Just 18 elite universities produce half of all computer science professors, 16 schools produce half of all business professors, and eight schools account for half of all history professors."

The elite keeping it elite, no matter what profession they get into.

Keep paying your taxes people, and let's raise tuition another 40% -- Fawzy needs his 650k a year!

2   Ernie   2017 Jun 6, 9:11am  

Ridiculously high pensions is a highly irritating but very minor component of college tuition. In some states, such as TX, there are no defined-benefit pensions for faculty who were hired after 1970's. Much worse financially are athletics which are completely useless academically and serve no other purpose than to allow school president to advertise himself in televisions, and administrative bloat, with administrators outnumbering teaching faculty. Diversity office staff now numbers in hundreds, universities have PR departments - why the hell public entity needs PR? To get $30 reimbursement for lunch with visiting faculty, one needs to submit square mile of paperwork which is looked over by at least 3-4 people in each department. This reimbursement more often than not comes from private donor money, and not state funds. On the other hand, higher bureaucracy at state schools are often exempted from so-called "sunshine" laws - meaning their expenses are not on public record - and they travel first class to Spain in summer to "give talks".

Slate article has some truth to it, but there is a substantial self-selection where best students go to best schools, and in many cases lower ranked schools simply can not get the most talented individuals. In my field, there is a bias towards hiring from highest ranked schools (which include not only Ivies but also UC-Berkeley, UW-Madison, etc), however one mainly looks at productivity during PhD studies. Sadly, productivity is usually the highest for people from highest ranked schools due to self-selection of students and more resources available to their advisors.

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