A financial bubble burst due to student loan defaults is just one problem the “financialization” of US higher education has produced. Author and TIME editor Rana Foroohar paints a dire picture of the consequences the US economy could face unless the government radically changes its approach to educational investment. In this timely warning, Foroohar provides both context and positive steps to avoid an otherwise inevitable avalanche of economic damage and destruction. getAbstract recommends her analysis to higher education supporters and anyone concerned with the US economy.
In this summary, you will learn
- Why higher education in the United States is in trouble,
- How higher education affects economic growth, and
- What changes in education policies and practices could deter another financial bubble burst.
About the Author
Rana Foroohar is an assistant managing editor at TIME and the author of the book Makers and Takers: The Rise and Fall of American Business.