Dear University Alumni Office,
I'm sorry to hear that the university's $750 million endowment has fallen in value to $500 million because of the recession and because your bank died. I'm also sorry to hear that you're dealing with declining enrollment due to the fact that middle-class families are no longer willing or able to bet their homes on a $45,000-a-year higher education for their children. I really am.
So, what I want to know is, why are you wasting money on glossy fundraising brochures full of meaningless synonyms for the word "Excellence"? And, why are you sending them to ME? Yes, I know that I got a master's degree at your fine institution, but that master's degree hasn't done jack shit for me since I got it! I have been unemployed for the past TWO YEARS and I am now a professional resume-submitter, sending out dozens of resumes a month to employers, and the degree I received in your hallowed halls is at the TOP OF IT and it doesn't do a fucking thing.
You know, maybe if you wanted a little bit of money from me (and these days you'd get about $3) maybe you should send me a fancy color brochure admitting your role in the bubble economics that got us all in to this mess.
For example, since 1987, higher education expenses have gone up 450 percent, while personal income in this country has gone up 87 percent, making tuition IMPOSSIBLE to afford without special financing. But, during this time, you were thriving because people could come up with the cash in two ways:
1. Get a home equity loan and use the inflated value of their house to pay for their kid to get drunk and/or raped at your school and then lose the house when the market crashed.
2. Get a federal loan.