American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt

Discussion in 'Education' started by American_Jihad, Dec 22, 2012.

  1. American_Jihad
    Offline

    American_Jihad Flaming Libs/Koranimals

    Joined:
    May 1, 2012
    Messages:
    8,743
    Thanks Received:
    1,931
    Trophy Points:
    245
    Location:
    Gulf of Mex 26.609, -82.220
    Ratings:
    +3,368
    American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt

    December 21, 2012
    By Daniel Gre

    [​IMG]

    The Student Loan Bubble is bad, but interestingly enough, as this New York Times article points out, the loan problem extends all the way up the ladder to the institutions of higher education who never seem to have enough money.

    Remember that our financial experts come out of a system that is this deep underwater and they have a heavy investment is bailing it out.

    ---
    Harvard borrowed $1.5 billion to pay its bills rather than selling off assets at a sharp discount. Its interest expense more than doubled from fiscal 2008 to fiscal 2011, to nearly $300 million.

    “The financial crisis has acted like a tidal wave that, as it receded, exposed certain vulnerabilities with a new clarity,” Harvard officials said in the November annual report.


    That’s a fancy way of saying, “We’re morons.”

    American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt
     
  2. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    LMAO! the colleges that graduated our finiancial experts cannot even avoid their finiancial cliff.

    I keep telling everyone there is a new set of rules in the world now but our experts are still trying to play by the outdated rules they were trained on.
     

Share This Page