{"id":35600,"date":"2012-12-17T16:27:36","date_gmt":"2012-12-17T21:27:36","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=35600"},"modified":"2012-12-17T17:17:36","modified_gmt":"2012-12-17T22:17:36","slug":"reflections-on-if-you-build-it-debt-will-come","status":"publish","type":"post","link":"https:\/\/danielschristian.com\/learning-ecosystems\/2012\/12\/17\/reflections-on-if-you-build-it-debt-will-come\/","title":{"rendered":"Reflections on “If you build it, debt will come.”"},"content":{"rendered":"

If you build it, debt will come<\/a> <\/strong>— a solid article from quickanded.com by Jeff Selingo<\/p>\n

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Excerpt (emphasis DSC<\/span>):<\/em><\/p>\n

When we read or hear stories in the news media these days about debt in higher education, we typically assume they are about the trillion dollars<\/a> in student loans held by college graduates and their families.<\/p>\n<\/div>\n

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But last week The New York Times<\/em> put the spotlight<\/a> on an often ignored angle to questions of debt in higher education: the amount of money owed by colleges and universities themselves.<\/p>\n

\u201cThe pile of debt \u2014 $205 billion outstanding in 2011 at the colleges rated by Moody\u2019s \u2014 comes at a time of increasing uncertainty in academia,<\/span><\/strong>\u201d Andrew Martin of The Times<\/em> wrote in a front-page story.<\/p>\n

…<\/p>\n

Yet judging from the college officials quoted in The Times<\/em> story, it seems they still don\u2019t get that the financial model in higher education is forever changing.<\/strong> They still seem to believe that the model that has carried them for decades will continue.<\/span><\/p>\n

The history of the United States is littered with industries that had similar hubris in the years or decade before they underwent massive change. Higher education is following that well-worn path.<\/strong><\/span><\/p>\n

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Also see:<\/em><\/span><\/p>\n