Sorry if this is off-topic - This may be one of the reasons for the deepening tuition problem in the U.S.

In response to "university presidents’ insistence that they are doing everything they can to improve efficiency and hold down costs."

“It’s a lie. It’s a lie. It’s a lie,” said Richard Vedder, an economist and director of the Center for College Affordability and Productivity.

“I wouldn’t buy a used car from a university president,” said Vedder. “They’ll say, ‘We’re making moves to cut costs,’ and mention something about energy-efficient lightbulbs, and ignore the new assistant to the assistant to the associate vice provost they just hired.”

This article is a couple of years old, but I think it still hits on one of the reasons for the crazy tuition hikes - bloated administrative staff. I'm no expert on the issue, but I think decreased state funding is another major reason.