Two weeks ago, CNN had a special airing of the two hour documentary Ivory Tower. The movie, which was released earlier this year, dealt with the growing problem of the increased cost of going to college, growing student debt — now approaching 1.3 trillion dollars, and the inability of students to find employment in their field. The movie raised some important issues and used the plight of the prestigious but small 950-student Cooper Union College in New York City as an example.
The private engineering, architecture and arts college established in 1859 was funded by a very large endowment, and up until last year tuition was free for those lucky students who could get in. However, construction of a $170 million building, high administrative costs (the college president’s salary was reported at $750,000) and some less-than-ideal management decisions resulted in financial disaster and the need to start charging tuition last year. That action prompted a student revolt that is still unresolved.
To read more, click on the link below: