Most people will not challenge the importance of a good education; however, not all highly educated people are good at running a business or for that matter a university.
The highest academically rated and best run higher educational insitutions in Lousiana (and the nation) are private, and the worst are public, although there are good ones in between. (Tulane & Southern)
The point is for higher education to get better, we need better leaders who are able to run their instituions more efficiently and effectively, and depend less on government and more on private support through tax exempt foundations.
You don't see private institutions paying their worst athletic coach more than their best professors. They don't need money from athletics (as much) to boost university funding like public institutions. The get most of their money from successful alumni who are mostly in some type of successful business.
One biggest problems is that public higher education "raises as much money as it can, and then spends as much as it raises" without any accountability. Some have become a bottomless pit of inefficiency and have been a drain on goverment resources.
The performance goals for funding are so low, it is really difficult not to qualify for tuition increases.
The debate is not about the importance of education.
It's about a seamingly bottomless pit for taxpayer funding of poorly performing higher educational instituions in the state.
Your train of thought is bascially how we got into this mess.
Every local politician (especially LSU) wanted a college in his or her hometown because it would be an asset to the economy and community. The more universities, the more graduates, the better the economy, and so forth.
As a result, we have too many universities chasing to few dollars. And these ubiquitous universities all seem to want a masters or Phd program which are also expensive to fund as they have fewer students (no economies of scale).
So we now have cheap degree programs all over the state. Again too many institutions, all advocating more government (taxpayer) funding. And most of these instituitions graduate less than half of their students in 6 years!
If we want to get serious about education, we need better leaders and fewer, but better instituions that are able to perform and raise money from private or business sources, and depend less on goverment support.
Higher education now views "students" as "consumers," and it seems that having some business savy as a leader would be an asset in running a university.