Tag Archives: society

You Keep Using That Phrase …

… but have you ever wondered where the expression “Drinking the Kool-Aid” comes from?

 

Financial Corruption and Value Dilution in Higher Education

I’d been browsing through the news recently for a collection of articles to share on a rather broad topic: the influence of moneyed interests on the educational system. This is a longstanding interest of mine, having grown up during a time when a year in university cost about $1,200, and having watched tuition rates and living costs balloon exponentially ever since. But what shocked me into getting the links to this post up that much sooner is this emerging story from the US:

“The Securities and Exchange Commission on Tuesday said it brought fraud charges against ITT Educational Services Inc. and two of its top executives, alleging they misled investors about the looming financial impact of two badly-performing student-loan programs on the for-profit educator. […] ITT formed the student-loan programs to provide off-balance-sheet loans for ITT’s students in the wake of the financial crisis, when the market for private student loans dried up and for-profit schools created new ways to help students pay their tuition bills.”

source: Wall Street Journal

Let us further expand on the dialogue surrounding money in education for the benefit of those who haven’t been as immersed in the debate:

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