Spread the Word: #StudentsOverSwaps

For release Tuesday, September 20, 2016 Dear partners, Thank you for helping us spread the word about the Roosevelt Institute network and ReFund America Project’s new report, “The Financialization of Higher Education.” Please use the hashtag #StudentsOverSwaps when sharing with your community. You can find the executive summary and full report on Tuesday, September 20,

Tagged under:

  We’ve all read about skyrocketing tuition costs and declining state support for universities, but what’s often overlooked is how Wall Street has contributed to the budgetary crisis in higher education. The Roosevelt Institute network and the ReFund America Project’s latest report, The Financialization of Higher Education, sheds light on the toxic financial deals that have cost

Tagged under:

In the last two decades, Wall Street banks have lured seven of the eight largest universities in Michigan into complex and risky financial deals. Through these deals, each school continues to pay millions to banks in fees while students throughout the state watch their tuition bills rise. City workers have suffered the effects of predatory

In an unprecedented move yesterday, the Chicago City Council rebuked Mayor Rahm Emanuel’s plan to voluntarily pay banks $106 million in penalties to terminate the city’s remaining interest rate swap agreements. In another unprecedented move, I attempted to explain to my mother what had happened. I told her, in a mix of English and our

The Ghost of Lehman Brothers Still Haunts Georgetown Aditya Pande from Roosevelt @ Georgetown and Alan Smith on Salon  The ghost of Lehman Brothers is still haunting colleges and universities around the country, continuing to extract money from institutions even though the financial firm itself is long dead.  The effects of this financializaton at Georgetown

Academics, concerned students, or our government is not deciding the future of our universities. In looking at who has the decision making power at large colleges and universities across the country it is clear that those who have the power to make decisions are never going to be affected by those decisions. When it comes

Our tuition checks shouldn’t be going to pay off debts from Wall Street’s bad deals. The last few decades have not been kind to America’s local public institutions. Cities that once built state-of-the-art infrastructure are now struggling to fix potholes in the street. Public schools that were once the best in the world are lagging

The ghost of Lehman Brothers is still haunting colleges and universities around the country, continuing to extract money from institutions even though the financial firm itself is long dead. When Lehman Brothers Holdings declared bankruptcy in 2008, it was the fourth largest investment bank in the United States. The giant’s collapse was felt in all

After 114 years of educating young women in rural Virginia, Sweet Briar College recently announced that the 2015 academic year would be its last. It’s closing its doors, administrators say, because its model is no longer sustainable. There are plenty of people coming out of the woodwork to explain Sweet Briar’s problems. Dr. James F. Jones, the school’s president, claims

The financialization of the United States economy has distorted our social, economic, and political priorities. Cities and states across the country are forced to cut essential community services because they are trapped in predatory municipal finance deals that cost them millions of dollars every year. Wall Street and other big corporations engaged in a systematic