For being such woke institutions, universities sure don’t miss an opportunity to gouge debt-laden students as frequently as possible.
After all, if universities are so “inclusive,” then why has the cost of tuition grossly outstripped the pace of inflation for decades?
The same institutions directly responsible for churning out millennials ill-prepared to do anything but mindlessly protest are also directly responsible for the economic chaos they’re wreaking across the country, set to increase even further with the latest increase in tuition.
This time, they can actually blame it on inflation, though they conveniently ignore the fact that costs have been dramatically, and unethically, increasing long before bungling Biden took over, at least as the figurehead of the nation.
Exhibit A: the University of Pennsylvania, which intends to initiate a 2.9 percent increase in tuition, the largest in a decade.
“It was important to us that we continue to keep cost increases low while simultaneously bolstering our grant-based undergraduate financial aid program. This year, our aid budget is growing at a rate triple that of charges, ensuring that we are able to fulfill our commitment to meet a student’s demonstrated need each year, even as costs increase,” Senior Executive Vice President Craig Carnaroli brayed.
“Our commitment to meet a student’s demonstrated need,” he says.
In other words, the University of Pennsylvania will raise tuition as much as needed for students who originate from families that emphasize hard work, and requisite savings for college as a result of that work, all so that other special interest students get a free ride and amplify the university’s “diversity and inclusion” pride.
The same types of students who will be shrieking for reparations or Bernie Sanders or both.
Next, the illustrious Boston University, otherwise known as the alma mater of illiterate AOC is putting its economic ignorance on full display by jacking tuition by 4.25 percent, its largest increase in well over 14 years.
Boston University President Robert Brown had equally pitiful excuses for continuing to contribute to the nation’s debt, all in favor of greedy, overpaid professors and entitled students.
“By far, my greatest immediate concern is the impact of inflation on faculty and staff, our students, and the University,” Brown droned, “This increase does not keep pace with the current national rate of inflation and cannot fully offset the increased costs of University operations or fund salary increases that would fully mitigate the effects of inflation on the families of faculty and staff.”
Right. By “fully mitigate,” he means that it might be difficult to pay pretentious part-time professors $250,000 or more per year, all so they can hear themselves talk.
But don’t worry, Boston University is “mindful” of the strain it’s causing.
“I also am mindful that our students and their families are affected by our increases and by inflation. We are caught in an inflationary vise between the institutional pressures and the impact on our students and their families,” Brown continued.
That’s nice. Maybe don’t put yourself in such a vise in the first place by grossly overpaying effective communists, indirectly taking money from taxpayers in order to do so via the grossly irresponsible student lending program.
The University of Virginia also intends to send tuition soaring by 4.7 percent next year, followed by an additional 3.7 percent in the following year.
“These new tuition rates will help the University balance its annual budget in an inflationary environment, while maintaining our commitment to accessibility and to value. We will continue to be one of the few public universities in the country to meet 100% of students’ demonstrated financial need while offering all of our students a world-class education and experience during their time here at UVA,” University of Virginia President Jim Ryan trilled.
In other words, the same story as the University of Pennsylvania.
Raise tuition rates for families that sacrificed and saved to give free rides to students whose families place a minimal, at best, value on education.
Universities effectively raise tuition the same way Democrats raise taxes: They punish the hardest workers the most.
While of course turning a blind eye to their top professors and political advisors, who more often than not are the same.
Consider Portland State University instructor Mike Paruszkiewicz’s commentary on Professor Gregory Mankiw’s “textbook empire,” which Mankiw shamelessly profits from via the mandatory $280 price tag for Principles of Economics textbook.
Mankiw, who has amassed at least $42 million in royalties from professors forcing students to buy his book, feels not a single iota of guilt for making a fortune from student debt.
“No student should have to make a decision on whether to buy a textbook or eat,” says, Eastern Oregon University political science professor Jeff Dense declared.
Not to fear, Professor Dense.
In the Democrats’ future dream society, no one will read and few will eat.
Author: Ofelia Thornton