Our take: As high-school students struggle to find solutions to the rising costs of college education, The Chronicle of Higher Education reports on this Bain study showing that even higher tuition cannot cover rising operating expenses:
An analysis of nearly 1,700 public and private nonprofit colleges being unveiled this week by Bain & Company finds that one-third of the institutions have been on an "unsustainable financial path" in recent years, and an additional 28 percent are "at risk of slipping into an unsustainable condition."
At a surprising number of colleges, "operating expenses are getting higher" and "they're running out of cash to cover it," says Jeff Denneen, a Bain partner who heads the consulting firm's American higher-education practice.
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