One of the standout features of our increasingly financialized economy is a systemic disinvestment in public goods such as infrastructure and education. As the finance sector hoards the wealth our economy produces, wages stagnate, corporations and the wealthy avoid contributing their rightful share in taxes, and money and power coalesces at the top, revenues at

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Higher Education is in a state of crisis. And, the influence of the financial sector in higher education has worked to increase social and economic inequalities, instead of serving as the equalizer we have long imagined colleges to be. Financialization has a number of disturbing consequences for higher education, including increases in overall borrowing by colleges

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With the fall semester underway at American University in Washington, D.C., students are starting new classes, making new friends, and joining new clubs. Most of these students will pay over $43,000 this year in tuition and fees, and collectively their payments will account for nearly four-fifths of the school’s operating budget. But a sizable portion

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Students Over Swaps Infographic

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. You can find the executive summary and full report here.

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

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,

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  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

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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