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Higher-education bubble could burst next

Source: news.bostonhera Posted By: Jennifer G..4622 days ago

Two prominent higher-education experts are warning that the financial structure of colleges and universities may be the next “bubble” to burst in America.

The result could be mergers, closures and even bankruptcies of smaller colleges that have spent too much and taken on too much debt based on a shaky system of student loans paying for ever-rising tuitions, say Joseph Marr Cronin, former secretary of education in Massachusetts, and Howard E. Horton, president of Boston’s New England College of....

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