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NYU Star Faculty Live Unreal Lives of Luxury
"During Dr. Sexton’s tenure, N.Y.U. has earned a reputation for lavishly rewarding its star faculty members. It bought a $6.5 million Upper East Side apartment for the head of its medical center, and it paid more than $4 million to help a former Columbia law professor stay in her turreted Upper West Side home when she joined the N.Y.U. law faculty. It gave the dean of N.Y.U.'s law school a $5.7 million loan to buy an apartment."
—Turns out that perks for New York University's star faculty are as ridiculous as the very worst fiction has suggested.
Student takes out loan. Student gives money to school. School gives money to Jack Lew and Dr. Sexton. Student majors in Bantu Poetry. Student can't find job. Student joins Occupy Wall Street. Student defaults. SLMA covers loan. Your tax dollars at work.
The system works!
Throw some of this sweet stuff Shirky's way and he stops pimping MOOCs, NYU!