Colleges on 'spending spree' when student loan debt is higher than ever: WSJ analysis

Personal finance expert and 'The Ramsey Show' host Dave Ramsey joins 'Fox & Friends' to discuss Americans making 'hardship' withdrawals from their 401s, student loan debt and shares tips on how to improve finances.are saddled with tens of thousands of dollars in student debt, universities in the U.S.

Supporters of student debt forgiveness demonstrate outside the US Supreme Court on June 30, 2023, in Washington, DC. On June 30, 2023 in Washington, D.C., the Supreme Court struck down the Biden administration’s student debt forgiveness program in Biden v. Nebraska in a 6-3 decision.is attributed to a multitude of factors including the lack of accountability required by colleges since they don't have to track their expenses in a uniform way, allowing them to use their own discretion when categorizing spending.

A Penn State Board of Trustees member criticized higher tuition as a"knee-jerk" reaction to flat state funding.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Student loan debt is higher than ever, but colleges are on a spending spreeU.S. universities have been spending money they don’t have and exacerbating the $1.6 trillion federal student debt crisis
Source: nypost - 🏆 91. / 67 Read more »

Colleges Urged to Produce Better Information on How They Spend MoneyA number of university trustees, faculty and staff members are calling for more transparent financial data about their schools following a Wall Street Journal investigation that highlighted large spending increases at 50 state flagship universities.
Source: WSJ - 🏆 98. / 63 Read more »