Monday, October 22, 2012
Course in how to pay for courses
Is the college expense thing getting wacky? The Univ of Mich offers a one-credit course in university finances—where the school gets revenue, what drives costs and how all this affects tuition.
They claim it is not just the school’s side of the issue—but balanced.
The typical grad leaves with $22,000 in debt. Default within two yrs is at an all time high.
All this according to a story by Matthew Dolan in the WSJ, Oct 20-21, 2012.
Are schools spending too much on sports, entertainment, food and housing?
Some also say providing lower cost loans makes more people get them—and more schools feed off them.
This one needs more examination.