Massive increases in tuition even as federal and state subsidies and grants to families falls; a decline in the average family's income over the past thirty years; the rise of for-profit on-line universities that target minorities and the poor a la the sub-prime scams of a few years ago; high unemployment for recent graduates; and a federal backstop for potential losses to investors, all point to a growing debt bubble of nearly one trillion dollars.
The shoe is about to drop.
http://nplusonemag.com/bad-education
No comments:
Post a Comment