...we almost lead the world in overall spending on higher education, both in absolute dollars and as a percent of GDP. Unfortunately, we place more of the burden on students and their families than just about any other developed nation: “In the U.S., 38 percent of higher education expenditures come from public sources, and 62 percent are from private sources. Across all OECD countries, 70 percent of expenditures on higher education come from public sources, and 30 percent are from private sources.” Little wonder we have a trillion dollar student loan industry that serves as an ever-present lobby to make sure the debt burden remains students and their families.
Posted on: Mon, 06 Oct 2014 04:22:13 +0000
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