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

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May 1, 2012
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American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt

December 21, 2012
By Daniel Gre

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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.


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

American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt
 
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I keep telling everyone there is a new set of rules in the world now but our experts are still trying to play by the outdated rules they were trained on.
 

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