American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt
December 21, 2012
By Daniel Gre
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.
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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.
Thats a fancy way of saying, Were morons.
American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt
December 21, 2012
By Daniel Gre
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.
Thats a fancy way of saying, Were morons.
American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt