When Syracuse University forced its social work faculty to partner with a for-profit corporation that takes two-thirds of online tuition revenue, professor Kenneth Corvo began investigating where student money actually goes in higher education. His findings reveal a systemic problem across American universities: more administrators than faculty at the college level, expanding bureaucracies focused on "student experience" and compliance, and minimal transparency about how tuition dollars are spent. The discussion with Cato's Walter Olson traces how federal funding, regulatory requirements, and the erosion of scientific rigor have combined to create institutions that increasingly fail their core educational mission.

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