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…

http://atlanta.cbslocal.com/2012/07/24/study-one-third-of-colleges-universities-in-real-financial-trouble/

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.

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