Tag: financial crisis

The University Debt Crisis: It’s Not Just Students Facing a Financial Headache (Guest)

Universities have been spending like students in a bar who think a Rockefeller will pick up the tab. How are they are paying for all this? Undoubtedly many of the bigger universities use endowment earnings and alumni donations to cover at least some of the costs, but for the most part, these veritable spending sprees are funded by tuition fees. Also, it is clearly unsustainable for tuition fees to continue to rise faster than the student’s ability to pay them. Universities need to act and they need to act now.

 Read more