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Bridgepoint Education, Inc. (BPI) Message Board

  • js291955 js291955 Nov 15, 2012 5:10 AM Flag

    Purdue and UConn make BPI look legitimate

    "Purdue has a $313,000-a-year acting provost and six vice and associate vice provosts, including a $198,000 chief diversity officer. It employs 16 deans and 11 vice presidents, among them a $253,000 marketing officer and a $433,000 business school chief. Purdue and other public universities, which rely on state taxpayers, have become a flashpoint for anger about bureaucratic spending. State colleges have long been considered affordable havens for those of modest means, yet they have raised tuition faster than their costlier private peers.

    Purdue’s faculty senate, led by Robinson, has taken its complaints to both the trustees and the school’s soon-to-be president, Mitch Daniels, Indiana’s Republican governor known for his budget cutting.
    Daniels says he’s sympathetic to faculty complaints.

    “When your spending goes up at a rocket rate, it’s pretty hard for state support to keep up,” Daniels said in an interview at the Indianapolis State House. He wants to take a look at administrative costs that he suspects are “marbled” throughout the university, he said.

    Daniels said he was horrified when he heard that Purdue was renovating his 4,000-square-foot campus office suite in anticipation of his move -- a decision he called “not the right signal, not the right priority.”
    The cost: $355,000.

    Amid controversy over such spending, the debt of the average Purdue graduate who borrowed rose 74 percent in the past decade to about $27,000.

    John Stucker, a senior from Cincinnati, must pay back $80,000 he took out in student loans or borrowed from his parents. During a break from an engineering lab, he questioned the number of Purdue administrators.

    “It’s frustrating,” said Stucker, a 21-year-old engineering major. “They’re making ridiculous money, and they’re not even teaching students.”

    ------------

    Trustees at the University of Connecticut’s flagship campus in Storrs, known for its NCAA champion Huskies basketball teams, said last year they were reviewing the level of administrators’ pay. The move followed a controversy over the then campus police chief, who received $256,000 annually -- more than New York City’s police commissioner.

    UConn has a $312,000-a-year provost and 13 vice, deputy and associate vice provosts, including one overseeing “engagement” who makes almost $275,000 a year. The university has seven vice presidents and 13 deans. President Susan Herbst, who receives a $500,000 salary, has a $199,000 chief of staff."

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    And all Harkin can do is whine about BPI. How useless can Congress get?

    Sentiment: Strong Buy

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    • More importantly, neither Purdue or UConn have ever had their accrediation denied. How well would grade Clark's performance in terms his compensation level?

    • Well, to put all this in perspective, according to the Harkin report, BPI's CEO Andrew Clark received $20.5 million in total compensation in 2009. My guess is that the schools you cited above do not have an 85% drop out / failure rate, spend more than $200 per student on academics and had something better than a 900 to 1 student to full time faculty ratio.

 
BPI
12.03-0.28(-2.27%)11:18 AMEDT

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