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To: Ken98 who wrote (207664)	12/3/2002 11:28:16 AM
From: Tommaso	Respond to of 436258

Well, I was talking about practices in state universities, where tuition and fees are collected from students. These charges have been increasing rapidly--and so far the demand for so-called higher education and the availability of student loans have allowed universities not only to collect the fees but to pledge them against mortgages. I guess the bonds are general obligations of taxpayers. At the higher levels of these university systems you have cadres of highly-paid administrators who are wheeling and dealing in the name of public education. These people tend to be low-profile, and without actually doing anything dishonest, they enjoy high and risk-free income and a lot of power over the way very large amounts of money are spent. The level of corruption is modest; a favored secretary/mistress may enjoy a private parking garage space, for example, and possibly accompany an administrator on a trip to some place like Cleveland, Dallas, or Atlanta once in a while. They mainly get their pleasure out of feeling that they are great benefactors of the public, collecting and dispensing millions of dollars a year, while heads of mere academic departments scramble to find money for a little more lab equipment, a few more computers, or a new copier.