The harsh truth: US colleges are businesses, and student loans pay the bills - 0 views
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Mathieu Plourde on 09 Oct 14"Ivory Tower takes a look at universities and their transformation from providers of education to business ventures that strive to be the biggest and the best providers of the "college experience". The competition among these institutions of higher learning has had an adverse effect on those they are suppose to serve. From less rigorous curriculums to higher tuition prices, the universities have changed the way Americans think of educations. Students are now consumers and university presidents are CEOs overseeing multiplexes of the college experience. In order to pay for that experience, students are taking out an average of about $30,000 in student loans. The overall student debt in the US has now surpassed $1tn."