From the NY Times article "Slowly, as Student Debt Rises, Colleges Confront Costs": "At a time of diminished state funding for higher education and uncertain federal dollars, Ohio State University president Mr. E. Gordon Gee [MP: Highest paid public-university college president at almost $2 million per year] says that public colleges and universities need to devise a new business model to pay for the costs of education, beyond sticking students with higher tuition and greater debt.
“The notion that universities can do business the very same way has to stop,” said Mr. Gee, who is also the chairman of a commission studying college attainment, including the impact of student debt.
