Not Only Are College Students In Debt; So Are Colleges

Not Only Are College Students In Debt; So Are Colleges
News
Like Us On Facebook
Like Us On Facebook

We always read stories about college students constantly trying to dig themselves out of debt. There are always complaints about how these colleges and universities raise their tuitions, sometimes bi-yearly.

It turns out that there is a good reason that tuition continues to rise- Colleges are in huge debt themselves.

“Overall debt levels more than doubled from 2000 to 2011 at the more than 500 institutions rated by Moody’s, according to inflation-adjusted data compiled for The New York Times by the credit rating agency. In the same time, the amount of cash, pledged gifts and investments that colleges maintain declined more than 40 percent relative to the amount they owe.”

Colleges have little choice but to raise tuition- which in turn raises the debt of its students.

This would be understandable, but the debt of the schools is only on the rise. Someone needs to come up with a better plan then simply redistributing the debt.

Paul Hudson | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Julian Sonny

From the sandy beaches of Hawaii, to the streets of New York: Julian has seen it all. His lifetime of travels has given him a broad scope of knowledge and an eclectic taste unlike any other in the tri-state area. Julian has often been compared to cultural icon, The Rock, because of his unequivocal work ethic and warrior-like stature.

More In News

Politics Marco Cerino

The Solution To Peace In Israel May Be Getting Rid Of Hamas

Disclaimer: The views and opinions expressed in this article are those of the author and do not reflect the official position of Elite Daily Last week I wrote about the need for Islamic nations to join the peace process and bring a closure to the fighting. So far, no one seems interested in helping. Ceasefires […]

Also On Elite

Technology

You Can’t Stop Swiping: The Real Reason Why You’re Addicted To Tinder

It starts out as good fun to laugh about with your pals, just like Conan O’Brien and Dave Franco did, only without the Tinder “brown lightning” van. It’s a joke made up of punchlines that push the boundaries of acceptable dating plays. However, when your friends go home, Tinder stays behind the lock screen of your […]