UK Plans to Charge Students for Free Online Classes and Give Big Raise to President
What's wrong with higher education in this country is the same thing that's wrong with the economy as a whole: stealing from the poor to make the rich even more obscenely wealthy.
Linda Blackford at the Herald:
The University of Kentucky Board of Trustees voted Tuesday to extend President Eli Capilouto's contract by two years and to give him a 5 percent raise and a $50,000 performance bonus.When was the last time workers in Kentucky got a five percent raise, much less a performance bonus? State law mandates a five percent annual raise for state employees, but the legislature has stolen that from workers every year since 2002. The minimum wage has been stuck below poverty level since 1998.
What percentage of UK's graduates (which of course don't include its athletes) use their degrees to earn even a fraction of the $500,000 per year that is Capilouto's salary? UK won't tell, which means it's probably in single digits.
Meanwhile, Jon Weiner at the Nation reveals:
The best bet for making a profit—outlined in a new Coursera contract with the University of Kentucky, also obtained by the Chronicle—would be for Coursera to get paid not by students seeking “certificates of completion” but rather by schools offering their courses: for a $3,000 flat fee, plus $25 per student for the first 500 students, $15 for the next 500, and so on. Material that students could get for free on the Internet would be sold to them by their college, in exchange for credit toward a degree. You might call that a rip-off, but it could be the business model for higher education in the future.
That UK Blue we all bleed should be green for the greed of the filthy rich bleeding this state dry.
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