I agree with much of what you say, but I don’t think any of that indicates bad management by the current admin.
None of the better schools are cost effective to attend these days. Even some pretty average ones are the same. It’s not a good situation, but it’s hardly the schools fault for being caught in this shitty market.
It’s far from perfect, and there are better and more prestigious schools. I just think the current admin gets a bad rap well beyond what it deserves.