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I would think that Butler is in better shape than many smaller, liberal arts colleges and universities. For example, Butler has a pharmacy school that most others do not. This would seem to be a competitive advantage to me.
Butler is a small private college in a big-time city
Can someone help me understand how the inflation of fees charged by higher education institutions like Butler have outpaced almost every other element of our economy other than health-care – and YET – they’re in financial trouble? I don’t understand what it’s going to take to get them to respond to pressures from consumers who have to look elsewhere for affordable college education.
I believe they got caught up in the race to build more impressive campus facilities and dorm rooms and passed those costs on to consumers (parents and students) who didn’t understand the true cost of the loans, “grants” and funds they were “receiving”.
When you put a financier between the business (college, hospital, doctor) and the customer (student, parent, patient) you see runaway costs because the end-user doesn’t feel the “pain” of having to pay for service.
Forgive my rant but as I save to send my kids to college, I’m paying $25,000 – $30,000 per year for private health-care insurance (we’re self employed) with a high-deductible plan and $10,000 out-of pocket per year (not including premiums obviously).
Just my thoughts…