One-third of colleges are on financially 'unsustainable' path, Bain study finds

Published: Thursday, July 26 2012 12:15 a.m. MDT

Summary

The Chronicle of Higher Education reports on a Bain study showing that even higher tuition cannot cover rising operating expenses at some colleges.

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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Mountanman

Hayden, ID

Esquire. Nice try but fact check says there is no evidence that Bain exported jobs overseas. Leave that to G.E. that received millions from Obama for “green energy” jobs and exported more jobs than any other company making Obama the real More..

7:48 a.m. July 26, 2012
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Mountanman

Hayden, ID

@ Esquire. Here is a stark reality for you: According to our own government census, poverty in America has increased more under the Obama administration and is the highest since 1965! And still you defend Obama’s policies? As long as your More..

8:33 a.m. July 26, 2012
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Esquire

Springville, UT

This may be so, but will Bain sell off the assets, send any jobs overseas, leaving nothing behind, and pocket all the money?

4:03 a.m. July 26, 2012
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