The Association’s hypotheses on the going-concern of private colleges in the US have again been proved. The state of Massachusetts is conducting a stress test for private colleges in that state. Well, the following studies that AAEA has done many years ago can help the decision makers in any state in the US to know the financial condition of many colleges, not just the private one. Please click the following link, and on the drop-down menu, select the name of the state.
Pretty amazing how close or accurate the Association’s forecast of what will happen to US Colleges in the future. The same thing has been forecasted on the national student loan debt. There won’t be any easy solutions due to systematic errors. These errors are infused to the system to benefit certain organizations, but not the American public. Make thing sad, more of these systematics errors are added to the system, such that solving the issue getting less and less possible. As we have mentioned, once, the Wall Street get involved–things will get murkier. One day, the American public will here the Uncle Sam will bail-out all the loans, providing that it has the resources to do so. Just wait and see.