Colleges and universities (is there a difference today?), like businesses and governments, face major challenges today. After all is said and done, the issue is the value we place on higher education.
The cost to attend a four-year institution, public or private, is staggering. Students plunge into debt to pay the cost. A news release from the White House this week said the average borrower now graduates with more than $26,000 in debt in the United States. Some will die before the debt is retired. Others are saddled with debt for most of their working adult lives. Job opportunities are not what they once were. We have many college graduates employed in positions that they are over qualified for, and that wave seems to have no end.
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