You left out the leisure value of college.
That was lumped into the "social training" part in my mind, though as I just mentioned to @SimpleStacker, I should have unbundled that one. (How ironic.)
I read an article once that this inflation of benefits was one of the chief reasons for escalating tuition prices -- some of the more prestigious schools are transforming themselves into combos of cruise ships + Disneyland.
Yep. It largely goes into physical rec facilities.
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Coach K was the highest paid employee of Duke University. I'm sure various sports coaches are. Utterly a sham if you ask me, though a lot of students love that stuff... so it makes financial sense for the colleges to attract enrollment and attract donors... just don't call it education...
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