U.S. & World

One-third of colleges are on financially 'unsustainable' path, Bain study finds


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  • Esquire Springville, UT
    July 26, 2012 4:03 a.m.

    This may be so, but will Bain sell off the assets, send any jobs overseas, leaving nothing behind, and pocket all the money?

  • My2Cents Taylorsville, UT
    July 26, 2012 6:04 a.m.

    It has been for 30 years, I don't know how the system has lasted this long. What will be interesting is to see how the $Trillion dollar debts all these children have will be recovered since they had no collateral with the loans.

    First of all, higher education is not a right and not something everyone should pursue. The amount of education benefit is basically a matter of IQ that is varied and different. The education system should go back to a system that takes this into account by teachers in teaching schools and educaiton children in K1-K12 grades so everyone can maximize their education. Schools have to go back to rewarding success and intelligence so they can learn at an earlier age how they can benefit and help their peers and society.

    This perception that every must go to college is devastating young adults financially and repay these debts they should never have incurred. Our presidential failure is living proof that college education does not benefit everyone nor beneficial to society.

    The only reason Obama is pushing children into financial debt is to keep them off the job market until after the election.

  • Mountanman Hayden, ID
    July 26, 2012 7:48 a.m.

    Esquire. Nice try but fact check says there is no evidence that Bain exported jobs overseas. Leave that to G.E. that received millions from Obama for “green energy” jobs and exported more jobs than any other company making Obama the real job exporter!

  • Esquire Springville, UT
    July 26, 2012 8:01 a.m.

    Mountain guy., no need to run from reality. Selective amnesia is a Romney tactic, but the record is clear. Need citations?

  • Mountanman Hayden, ID
    July 26, 2012 8:33 a.m.

    @ Esquire. Here is a stark reality for you: According to our own government census, poverty in America has increased more under the Obama administration and is the highest since 1965! And still you defend Obama’s policies? As long as your entitlement checks come in who cares about the rest of us, right?

  • ouisc Farmington, UT
    July 26, 2012 9:09 a.m.

    President Obama was on the right track two years ago when he said our colleges and universities needed to be "more accountable" with their monies. But nothing has changed since those words were spoken. The only concrete solution he has proposed is to temporarily subsidize student loans to keep their interest rates artificially low.

    We really do need some outside-the-box thinking on higher education. So many students think they're going to college, yet they're paying hundreds and thousands of dollars to take remedial math classes, for no college credit, to learn what they blew off in high school. Yes, once again, catering to those we're trying to not "leave behind" is actually helping to increase the cost of education for everyone.

  • Hellooo Salt Lake City, UT
    July 26, 2012 12:32 p.m.

    Esquire isn't it nice that some Companies in America make money? What do they do with earnings? Put it "in their pocket"? Not if they want to stay in business. They invest the earnings in other companies, new plant and equipment, hire new employees, pay taxes, etc. Is that not better than losing money, which requires them to invest less, lay people off and pay less taxes? Bain's report shines a bright light on the overly high expenses of Colleges and Universities administrative overhead. Basically, too much resource devoted to management and to little resource devoted to education. . With the cost increases in higher education greatly outpacing inflation, it is time to take a real hard look at how to bring these rising cost down and even if the report is self profiting for Bain, it is a valuable additional lens to look through at how this can be accomplished.