Eleni Schirmer writing in THE NATION: “Just as decreased state funding has caused students to go into debt to cover tuition and fees, universities have taken on debt to keep their doors open. Institutional debt at public colleges in the United States has more than doubled, jumping from $73 billion in 2003 to $151 billion in 2012.” Read more here.
A college degree has been for years oversold. Now we are paying for that poor management of what is important.