The Financialization of Higher Education
September 19, 2016
By Dominic Russel, Alan Smith, Carrie Sloan
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 in the news:
Time Magazine
Read more Opens in new windowThe New York Review of Books
Read more Opens in new windowBloomberg
Read more Opens in new windowThe Financial Times
Read more Opens in new windowYale Daily News
Read more Opens in new windowMichigan State University - State News
Read more Opens in new windowUniversity of Minnesota Twin Cities - Minnesota Daily
Read more Opens in new windowThe Cornell Daily Sun
Read more Opens in new windowCarnegie Melon University - The Tartnan
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