what really happens to anyone?

"Tuition is $31,385 a year; meanwhile, Kovalik said Vojtko earned less than $25,000 from teaching eight classes a year. And though Vojtko had worked at the university for 25 years, when she was let go, she wasn’t entitled to severance pay, let alone a pension. Her situation seemed to embody everything that is wrong with the economics of higher education."

Read more of this detailed and balanced article from Slate.