Commentary: No One Knows What Universities Are For

May 08, 2024 1 min read

Derek Thompson
The Atlantic

Excerpt: Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at his school declined from 1990 to 2022, while the number of administrators nearly sextupled in that period. “Happily, there is a simple solution,” Smith wrote in a droll Washington Post column. In the tradition of Jonathan Swift, his modest proposal called to get rid of all faculty and students at Pomona so that the college could fulfill its destiny as an institution run by and for nonteaching bureaucrats.

The world has more pressing issues than overstaffing at America’s colleges. But it’s nonetheless a real problem that could be a factor in rising college costs.

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House Republicans Finalize Plan to Increase Endowment Tax Up to 21%

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Jessica Blake
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Excerpt: House Republicans on the Ways and Means Committee released the full version of a long-awaited tax bill Monday that does for higher ed exactly what they suggested it would in a draft version Friday: dramatically increase the excise tax on wealthy colleges’ endowments.

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