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Where Do They Spend the Money?

A couple of weeks ago, we were reading about tuition hikes at UNM in the Albuquerque Journal (subscription). A more recent article (subscription) points out that this is becoming an annual rite of spring resulting in a 36 percent increase in tuition and fees over the last five years.

So, what is the benefit to the students? It’s hard to say, since even with these annual increases in spending, students are unable to register (subscription) for needed classes. You would think all of the smart people running this institute of higher learning would realize that it is not a very good idea for a University with an already lackluster graduation rate (subscription) to prolong the students’ academic careers.