For-profit colleges have generally failed to provide students with the benefits higher education is supposed to produce. These colleges are different than public universities, which are government-owned, or private nonprofit universities, which reinvest excess revenue back into the school. For-profit colleges — also known as proprietary colleges — are privately-owned businesses that distribute profits to […]
Looking under the hood of U.S. household debt
Although the Great Recession is over, Americans remain in debt, whether it is housing debt, student loans, or auto loans. Is it too soon to say that the economy has recovered from the 2008 crisis? And what can be done to prevent another Great Recession? Coming out of the 2008 financial crisis, a main narrative […]