Colleges And Universities Going Broke

Nearly one-third of colleges and universities are in “real financial trouble,” according to a new study.

The report issued Monday by Bain & Company found that higher education institutions are facing a liquidity crisis.

“Institutions have more liabilities, higher debt service and increasing expense without the revenue or the cash reserves to back them up,” the report states…

One has to wonder how this could happen with the tremendous increases in tuition and fees in recent years.  Thanks to Jawara for forwarding this link.

Speak Your Mind