Higher-education institutions are overspending on renovations and new facilities that they hope will boost enrollment, but experts say this plan could lead to financial crisis.
They’re often called the elite eight, boasting U.S. presidents, Nobel Prize winners, Wall Street CEOs, world leaders—as well as famous actors and musicians—among their alumni. But they’re incredibly expensive and getting more so—prompting many students and families to ask: Is an Ivy League diploma really worth the money?
Operating in an artificial economy
If you have paid a college tuition bill recently, perhaps the sticker shock has abated and your children have been good enough to friend you on Facebook so you can see what they are doing on your dime.
What probably still lingers, however, is the desire to ask some pointed questions of the people who are doing the educating. Where does all that money go? And why can’t the price tag fall for a change?