The new documentary "Ivory Tower," by filmmaker Andrew Rossi, explores the growing student debt crisis, and how colleges got to a point where they're spending millions to put in country club-like facilities on campus.
The film is thought-provoking, to say the least, but we thought we'd pull out just a few takeaways from the movie:
Harvard's Influence And What It Does Right
Country Club Colleges
This is actually at the University of Missouri. It's a 28-person hot tub and a heated vortex pool in the new $50 million student recreation center on campus in Columbia.
But can you blame students for demanding those things though when they're already spending so much money to attend school? "You give momentum to 'The student is the customer' when you charge them so much money," Wesleyan University President Michael Roth says in the film.
Who Are The Swimming Pools For?
ASU As A Party School
This party in the video takes place at a luxury student complex at ASU.
The End Of The Old Cooper Union
The filmmakers confront Cooper Union President Jamshed Bharucha about his $750,000 salary and free home. They note it's above average for a college president and close to Harvard University President Drew Faust's salary of $899,734, who manages 12,000 faculty, 21,000 students and more than $30 billion endowment. Bharucha's quick and immediate response: "She doesn't have a fraction of the problem we have," referring to Faust. "Not a fraction of the problems we have."
Cooper Union professor Peter Buckley jokes in response to Bharucha's statement, "Apparently we are the Harvard of Astor Place."
By the way, cutting Bharucha's salary in half could pay for the full annual tuition cost of at least 9 students, out of an average freshmen class consisting of roughly 200 students.
Cooper Union President Jamshed Bharucha
What Every Millennial Can Relate To
"The value of my education is priceless but the value of my education is also not $140,000 in debt. I feel bad talking about any dreams I have these days because there's all this talk that Generation Y is entitled and selfish, just for wanting the same opportunity as our parents."