Rise in college costs---- three questions

This is an email I sent to the faculty.

There is so much discussion of increased tuition and fees as well as higher levels of student debt (Occupy Wall street group). Three questions ---

1. Where is all the money spent? Clearly, faculty, who are presumably at the core at any institution of higher education--- creating knowledge and educating students --- have not seen the bump (if any at all) in salaries that debt or tuition has seen.

2. In terms of student debt --- there could be other factors besides tuition - are students living like students did 10-20-30 years ago? Is the value they associate with "education" the same today as it was 10-20-30 years ago?

3. Would parents be willing to send their children to colleges with minimal infrastructure but excellent faculty and a lower cost of education? Can there be such a place today?