If you are dependent on tuition for most of your operating budget, your ability to provide generous aid packages is substantially affected. And so paradoxically, some of the less wealthy institutions in terms of endowment capital actually have some of the wealthiest student bodies because they're most dependent on revenue. Some of the wealthiest universities also have more students from the top 1% than they do from the entire bottom 60%.
Featuring Dennis Hogan on the crisis in higher education. The first in a two-part series. Next up: Donna Murch and Todd Wolfson on how university workers can fight back through industrial unionism.
Read Dan's interview in The Nation thenation.com/article/world/qa-daniel-denvir
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Buy On Shedding an Obsolete Past: Bidding Farewell to the American Century by Andrew Bacevich haymarketbooks.org/books/1949-on-shedding-an-obsolete-past