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- How much debt is the college in?
- Do many of the school’s administrators or faculty have a salary upwards of $200k?
- How much are they spending on construction and new buildings?
The above factors create a risky environment that are red flags for schools that will inevitably need to file for bankruptcy or re-finance. Skipping an education is never the answer. A college education is still invaluable–the only true change is if where you obtain your education really matters anymore. If it does, it’s mostly for the specialty courses. It’s doubtful you won’t get hired because you took “Introduction to Biology” at a community college rather than another institution, especially if you’re planning on becoming a journalism major. Times are tough and, if colleges don’t begin to recognize that and start reflecting it but cutting back their tuition costs and building projects, they’re in for a very rude awakening.
When considering college options, do you consider factors like a college’s current debt?