(3) In this article Nicolaus Mills talks about changes in the US in regards to higher education and corporatization and privatization. He goes into the fact that universities are now acting like large corporations and that administration is basically the CEO of the business. With this brings higher tuition fees for the students who are attending, and like any business there is a push to have the highest ranking.
(4) The author is Nicolaus Mills and he is a professor at Sarah Lawrence College in Bronxville, NY. His specialty is American Studies, which is a focus on things pertaining to the US, which is why he wrote this article.
(5) corporatization: the act of reorganizing the structure of government owned entity into a legal entity with the corporate structure found in publicly traded companies.
endowments: a donation of property or money to a not-for-profit organization for the ongoing support of that organization.
(6) "In 2003, only two colleges charged more than $40,000 a year for tuition, fees, room, and board. Six years later more than two hundred colleges charged that amount. What happened between 2003 and 2009 was the start of the recession. By driving down endowments and giving tax-starved states a reason to cut back their support for higher education, the recession put new pressure on colleges and universities to raise their price." This quote is the very first paragraph of his article and it directly shows one of the major problem of corporatization or privatization of universities, higher tuition.
"The most visible sign of the corporatization of higher education lies in the commitment that colleges and universities have made to winning the ratings war perpetuated by the kinds of ranking U.S. News and World Report now offers in its annual “Best Colleges” guide." Colleges, like large businesses, are placing a huge focus on becoming number one. With a main focus on winning this award many colleges are letting their internal policies to change in order to gain a top spot in the best colleges ranking. An example of this is pushing the average SAT score of applicants to be higher which in turn will ultimately drive up the price of tuition because of the competitive market for attending class at these schools.
"A new, permanent administrative class now dominates higher education. At the top are the college and university presidents who earn a million dollars or more a year and serve on numerous corporate boards (Shirley Ann Jackson, the president of Rensselaer Polytechnic Institute, earned a reported $1.38 million in a single year from her multiple directorships). Thirty-six private college and university presidents, according to the Chronicle of Higher Education, fall into the million-dollars-a-year category, and many more are close behind." With the rise in higher paid administrators brings on the reality of more adjunct professors who are being paid very little.
(7) This article has helped me understand what these universities are doing specifically with the way they are trying to force the education system to act like a large corporation. The article outlines some of the problems that I will need to do some research on to gain a better understanding for my final paper.
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