Higher Education's Capital Financing Costs

Roughly 9 percent of the $511 billion spent in 2011 in the United States on higher education went to financing interest payments or to corporate profits, according to a new analysis from the Center for Culture, Organizations and Politics at the University of California at Berkeley. The American Federation of Teachers (AFT) commissioned the report, which found that $45 billion in higher education spending that year was for interest on individual student loan debt or on colleges' borrowing, or went to profits made by for-profit college companies. Read more...