The Long Road to the Student Debt Crisis

"And many American colleges are dropout factories: At more than a third of them, less than half of the students who enroll earn a credential within eight years, according to the think tank Third Way."

"Meanwhile, college presidents are being handsomely rewarded for the success of their enterprises: Seventy of them, including a dozen at public colleges, earned over $1 million in 2016-17, according to the Chronicle of Higher Education."

"Worse, millions of students took out loans but never earned a degree. High college dropout rates continue. And many households and employers no longer seem to think that college is “worth it.” Companies including Google, Apple and IBM have dropped the requirement that job applicants have college degrees: They no longer think that a degree is automatically needed to succeed."