Comment by rayiner
No, the benefits of university are from smart people who can earn enough during summers to pay reasonable tuition if schools weren't set up as four-year vacations with lavish amenities. When I went to Georgia Tech, in-state tuition was about $2,400 per semester, or about $20,000 over four years (in 2024 dollars). It was a spartan, 1970's experience--like European universities often are today--but it was quite affordable for students who could earn that much at summer internships. And it's not just for engineers. My wife put herself through the University of Iowa, studying business and german literature, in 5 semesters by nannying.
And do you know who is responsible for the increase in tuition at Georgia Tech? The legislature and governor of the state of Georgia. State appropriations for higher ed and the tuition rates at Georgia Tech are set exclusively by the state government and its appointees on the Board of Regents for the State University System, not by university administrators in any way.
https://www.usg.edu/regents/