Commentary: The media narrative of colleges as out-of-control spenders needs to be debunked
Are colleges spending money like drunken sailors and handing the bill to students and their families? The Wall Street Journal thinks so, claiming that in a major recent story “Colleges spend like there’s no tomorrow” and noting that the spending is “inextricably tied to the nation’s $1.6 trillion federal student debt crisis.” But that broad brush paints the picture very poorly: The cost of ...
by Scott Feller, Chicago Tribune
Sep 14, 2023
3 minutes
Are colleges spending money like drunken sailors and handing the bill to students and their families?
The Wall Street Journal thinks so, claiming that in a major recent story “Colleges spend like there’s no tomorrow” and noting that the spending is “inextricably tied to the nation’s $1.6 trillion federal student debt crisis.”
But that broad brush paints the picture very poorly: The cost of tuition and fees at private four-year colleges has gone down three school years in a row, according to the definitive
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