Colleges Are Buying Stuff They Can’t Afford and Making Students Pay For It | Portside

Colleges Are Buying Stuff They Can’t Afford and Making Students Pay For It | Portside

 After the last financial crisis, our
politicians promised us that they would do something to get derivatives
trading under control. But instead, the size of the derivatives bubble
has reached a new record high.

https://portside.org/2014-05-24/colleges-are-buying-stuff-they-can’t-afford-and-making-students-pay-it

 

 

With tuition costs more than doubling over the past generation, and
student debt now exceeding $1 trillion, everyone knows the cost of
college is too damn high. About 40 million people nationwide are weighed down by education debts
that often reach into the tens of thousands. But those numbers are just
a sliver of the bleak shadow that Wall Street casts over higher
education.