Michael Bérubé runs the numbers on Penn State:
In 1985, the state provided 45 percent of Penn State’s budget; in 2011 it provided 6 percent. In 1985, in-state tuition was just over $2,500; today it is over $16,000. Over the past twenty-five years, the cost of a public college education has increasingly been offloaded onto individual students and their families, as education has been redefined from a public good to a private investment.
And he concludes:
A fully privatized Penn State no longer has any reason to call itself “Penn State.” Indeed, the name would amount almost to false advertising, since there would be nothing “State” about us. And that means a whole new vista would be open to us – and in different ways, to Temple and to Pitt. In two words: naming rights … Let the bidding begin.
My hopes are in the title.