Ivory Tower Finances in Michigan: No Pocket Left Unpicked, Other People's Crumbs for the Students!
In June, the EMU Board of Regents unanimously voted a 7.8% increase in tuition for students. Their new tuition rate for Michigan residents is $ 10,417.00 per year. This $ 754.00 annual increase – about four times the rate of inflation – was justified on the grounds that EMU’s tuition was thirteenth among Michigan’s major public universities. Its not like EMU’s past tuition increases had been held below the rate of inflation, its just that they had been more circumspect about raping forcing their students into perpetual debt slavery.
EMU specializes in disciplines which don’t command especially high wages, but they do generally qualify for our fearless leader’s Income Driven Repayment (IDR) debt forgiveness plans. So the EMU President and Regents probably figure that it is long past time time to tap the federal taxpayers for their grand delusions ambitions through their victims students. Who would notice a few millions more in delinquencies in a program which already has $ 187 billion in delinquencies?
Sort of a “We’re the third smallest pig in the sty and we need to fatten up” logic. Evidently the past president of EMU was too busy tipping the wine bottle to relentlessly advance tuition scalping at the exalted rate of EMU’s peer institutions. Their new interim President, Kim Schatzel, and the EMU Regents have no such distractions.
To complete this despicable fraud, today we found out that EMU opened a campus food bank to assist starving students. No mention anywhere that this externalized generosity (food being provided by well meaning patsies, not EMU) would not be needed if the students were allowed to keep the $ 754.00 that this year’s tuition hike is costing them. $ 84.00 per month buys a lot of groceries.
You have to love the devious financial logic of our intellectual superiors in the Ivory Towers: No pocket left unpicked! The contempt of our Ivory Towers for their victims students is breathtaking.