<p>Get serious, folks. The tuition that USC and <em>ALL</em> private universities charge does not even cover the expenses of running the university. <em>ALL</em> private universities run at a deficit, and depend upon alumni and corporate donations to keep afloat.</p>
<p>The more appropriate question would be something like — why does USC lose only $19,500 on each student instead of the $20,000 other universities lose?</p>