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A former president of Harvard once observed that “universities share one characteristic with compulsive gamblers and exiled royalty: there is never enough money to satisfy their desires.

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This is a bit hard on compulsive gamblers and exiled royals. America’s universities have raised their fees five times as fast as inflation over the past 30 years. Better management would allow them to do more with less. (via theeconomist)

Same is the case with private universities in Pakistan: they are suckers of money!

 Via The Economist
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