In addition to running a rape factory, Baylor was a real leader in bilking the taxpayers and working-class families to stoke the egos of university administrators and manipulate arbitrary ratings:
Some of the wealthiest U.S. colleges are steering parents into no-limit federal loans to cover rising tuition, leaving many poor and middle-class families with debt they can’t repay.
Parents at Baylor University had the worst repayment rate for a type of federal loan called Parent Plus among private schools with at least a $1 billion endowment, according to a Wall Street Journal analysis of available Education Department data. Only about a quarter of Baylor parents paid down any of what they originally borrowed after two years.
Unlike undergraduate loans that have limits, there is no cap on what parents can borrow through the fast-growing Parent Plus program, no matter their income. Some parents wanting the best schools available for their children sign on the dotted line unaware how the debt can burden them into retirement.
Baylor increased its tuition sharply to transform itself from a regionally known Baptist college into a national brand that now has a $1.8 billion endowment. The central Texas school has added facilities, built a sports powerhouse and climbed college-ranking lists in a push to become a world-class research institution.
Among wealthy colleges, though, Baylor is one of the least generous with aid to needy students, publicly available documents show. It has suggested that parents make up what student loans and scholarships don’t cover through Parent Plus, according to interviews with current and former students, parents and employees.
Baylor’s tuition and fees run about $50,000, not including room and board. Though Baylor still charges less than many other wealthy colleges, its tuition grew the most among wealthy schools in the Journal’s analysis of available federal data. Baylor charges about 2.6 times as much as it did two decades ago, accounting for inflation.
A man don’t walk onto the lot unless he wants to buy!
US News has extended its dumb ratings systems, which have led to these races to offer the least economical educational experience possible, to elementary and middle schools. I see no downside here.