The economics of universities is horribly broken. The federal government has been providing easy money to Universities via student loans. Universities are bureaucracies and like any bureaucracy will simply grow to spend the money available. The University of Texas' bureaucracy has grown to be 1 administrator for every 7 students. The faculty:student ratio is 18:1! So there are more than twice as many administrators as faculty. The square footage of the university has also doubled in the last 30 years and the facilities are very nice, but the student body size has changed little in 30 years. The bulk of a student's tuition is clearly going to big beautiful buildings and a bulging bureaucracy. At $500,000 for four years, you are looking at one staff person (faculty or administration) per student. At some point before campuses have just as many employees as students I would hope that just how obviously wrong this is would become apparent.