Brian Nicholson, Deseret News
Our take: As colleges and universities have been trying to make themselves more appealing for students, staff and investors, they have been delving ever deeper into debt. This article in the Economist discusses the problems that are going to afflict the cost of higher education if this pattern of incurring debt continues.
"With its leafy avenues and Gothic buildings, the University of Chicago seems a sober, solid sort of place. John D. Rockefeller, whose money built it, said it was the "best investment I ever made." Yet Chicago and other not-for-profit American universities have been piling on the debt as if they were high-tech start-ups.
"Long-term debt at not-for-profit universities in America has been growing at 12% a year, estimate Bain & Company, a consultancy, and Sterling Partners, a private-equity firm. A new report looked at the balance-sheets and cashflow statements of 1,692 universities and colleges between 2006 and 2010, and found that one-third were significantly weaker than they had been several years previously."
- Lawrence and Windsor won't trump Utah...
- My view: Balancing personal conviction and...
- Can Hollywood keep the faith in faith-based...
- Frank Pignanelli & LaVarr Webb: Re-enactment...
- Letter: Policy disagreement
- Mary Barker: The Romney I may have voted for
- My view: Circuit Court's Obamacare decision...
- Letter: Outdated climate
- Mary Barker: The Romney I may have... 69
- Lawrence and Windsor won't trump Utah... 64
- Stuart Reid: Translations of religious... 61
- In our opinion: History will remember... 46
- Dan Liljenquist: Religious liberty and... 46
- Letter: Breeding hate 45
- Letter: Policy disagreement 37
- In our opinion: Use market forces and... 32