It's a strange positive feedback cycle where student loans make universities more affordable, which increases demand, which enables universities to admit more students and then to raise tuition when they can't admit any more students.
The professors the university cares about will get their just pay. I know of a professor who makes well in excess of a million USD yearly, and I've also known adjuncts getting paid 30-something thousand a year.
The ironic thing is that the former professor is an ex-CEO who had tens of millions before he ever taught a class.
