“Keep repeating ‘Heh. Indeed‘ and no one will be the wiser.”

The Ole Perfesser approvingly quotes Don Surber:

DON SURBER:

Question: What fuels college tuition inflation?

Answer: Student loans. From the Chronicle for Higher Education: “The volume of private loans shrank by $173-million, or about 1 percent, to $19.1-billion in 2007-8. That decline reverses years of double-digit growth and does not reflect the recent credit crunch. At the same time, the volume of federal loans rose by 6 percent after inflation.”

You have a volatile mix: Inexperienced borrowers, federally guaranteed lenders and the biggest sharks in capitalism: College presidents. Hence, the double-digit inflation in price.

Well, I don’t know if they’re the biggest sharks, but . . . oh, hell, who am I kidding?

…and here I thought it had something to do with tenured professors spending the day posting on their blogs (30 posts total between 8am and 5pm) during the school day.

Assuming that robots aren’t teaching Reynold’s classes, I’m guessing that someone is getting paid to show up and do some work.