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The Financialization of Higher Education Report

The Financialization of Higher Education Report

by Dominic Russel , Alan Smith , Carrie Sloan / Monday, 19 September 2016 / Published in Publications, Report

Higher education in the U.S. is in a state of crisis. We see evidence of this crisis in huge cuts in funding for public schools, skyrocketing costs of attendance at both private and public schools, and increases in student debt burdens.

Financialization has a number of disturbing consequences for higher education, including increases in overall borrowing by colleges and universities, increases in the cost of interest payments on debt on a per-student basis, and a concentration of endowment assets at a small group of the wealthiest institutions—a form of concentration of wealth.This research is brought to you by the biggest victims of these deals: the students who have been shut out of the decisions that will shape their future.

The Financialization of Higher Education report has been covered in a host of national publications including Time Magazine, The New York Review of Books, Bloomberg, and The Financial Times. In addition, the Report was picked up by local media on the following campuses: Yale, Michigan State University, University of Minnesota-Twin Cities, Cornell University, Carnegie Melon University.

Note: A previous version of this report incorrectly stated that a high-level Bank of America executive sat on American’s board when it entered into swaps with the bank. The board member was a former executive at the time.

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Tagged under: Finance and Wealth, Financialization, Financialization of Higher Education, Re:Public, Roosevelt @ U Michigan, Roosevelt Network, Roosevelt@
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Authors

  • Author
    Dominic Russel

    Dominic Russel is a rising senior at the University of Michigan and the head of the Roosevelt Network’s Student Board of Advisors.

  • Co-Author
    Alan Smith

    Alan Smith was a Senior Program Associate with the Roosevelt Institute. Capitalizing on work from students and alums, he supported the organization's mission to re-write the rules by driving the Rethinking Communities Initiative and Blueprint Series. He is a graduate of Swarthmore College, a... Read More
  • Co-Author
    Carrie Sloan

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