While this is termed as "a small brush fire, clearing out some of the unhealthier institutions in higher ed" the credit default warnings being issued against small colleges may be the harbinger of something more widespread. The article suggests, "because they don't have much in the way of endowments, they tend to charge high tuition, and leave undergraduates saddled with debts that simply might not be worthwhile." These problems aren't unique to small private colleges, though.
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