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HomeStudent Debt Bubble: Impending Doom for Colleges
Posted by Larry Doyle on May 14th, 2012 11:27 AM |
“We know the model is not sustainable,” said Lawrence T. Lesick, vice president for enrollment management at Ohio Northern University. “Schools are going to have to show the value proposition. Those that don’t aren’t going to be around.”
(The New York Times; May 14, 2012)
The student loan debt bubble is beginning to get a LOT of attention. As well it should.
That attention is deserved when a level of debt surpasses $1 TRILLION. The New York Times drew further attention to this situation this weekend in an extensive and very personal commentary, A Generation Hobbled by the Soaring Cost of College.
I have tried to draw focus to the MASSIVE size of this problem and its accompanying implications over the course of the last year in writing the following: (more…)
