"Do we really need those expensive athletic programs? Why? "
Alums. I'm one that Arizona State pursued for a couple decades. They look at your property tax records and figure it's 30% of your net worth. Nowhere close in my case, but they have no way to know.
Since I'm so wealthy, surely I must fondly remember my dear old Alma Mater and want to help it out. Successful athletic programs help. Certainly works for the major U. near where I live now.
Fond memories are not mine, my first year at ASU the dean did his best to send me to Viet Nam. A few years ago I finally sent them a note saying that my bequest was to promise to never under any circumstance to ever give them a dime. They could save a fortune by stopping the incessant stream of expensive advertising. It worked! Even those graduate student phone calls stopped.
Now, regarding the value I received, that's another matter. Wasn't until my senior year that anybody explained what they were actually doing in graduate school, where I was headed. Horrified me.
Eventually I ended up working in the trades, and discovered a very real benefit to my college education. I spoke the same language as my customers: doctors, lawyers, ... Many in the trades did not, and it gave me a distinct advantage. My parents, who footed the bill, were relieved when I explained it. In my family a university education was never questioned. I'm the only one who never got beyond a bachelor's degree.
Trade schools have a firm place, as do institutions that provide nothing but education, be it under-water basket weaving or whatever. Caveat emptor.
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