Hehehe. . . The old "provide data to validate 'conclusions'" problem, eh?
I don't doubt there's still room for improvement and that there's still a lot of misuse of funds that SHOULD go to students, programs, etc. that gets sucked up by fat cat bureaucrats, but in this particular case $12k a year per student really doesn't sound that much. Consider liability and it actually starts to sound rather attractive. . .