Education: Out of Pocket

It is not exactly news that higher education has big money troubles. The pleading letters to alumni, as well as a number of studies, have proclaimed that many of the nation's universities and colleges have deep financial problems. But the magnitude of the crisis has been difficult to assess owing to the limited number of institutions surveyed. Now, the most comprehensive national study to date has been made by the New Jersey Commission on Financing Post-Secondary Education for the September issue of Change magazine.

The report is both impressive in its scope and alarming in its findings. Nearly 75% of all American...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!