By Harry J. Holzer. With students at Corinthian University last week making national news for going on strike and refusing to pay their college loans, it’s an opportune time to re-examine the relationship between the costs of higher education, what students get in return and whether these institutions have any accountability to their charges and the taxpayers who often end up footing the bill.
These students are hardly alone: there are 40 million Americans with loans and their debt burden is over $1.3 trillion. More...