Colleges are not really non-profit organizations at all. They rake in as much money as possible from every source, spend every cent, then claim poverty and cry for donations. Then they squander increased revenue on very high salaries for college administrators. The high salaries of college presidents has become a national scandal. Forty-two college presidents were paid more than one million dollars salary last year, and 180 college presidents were paid salaries of over a half million dollars.
College tuition is not determined by the cost of providing education to students. It is determined by whatever money is available, especially from easy-to-get government loans. The College Parent Association demands that IRS remove tax-exempt status from high-priced colleges, lower their tuition this year and for several more years, and reimburse students for their outstanding student loans.
Listen to the radio commentary here: