Colleges are spending money they don’t have (morningbrew.com)

The price of college is rising, and for once, we can’t blame inflation. Spending increased by 38% at the median flagship school (the best known and usually the oldest public university in each state) between 2002 and 2022—and they passed the tab to students, contributing to the $1.6 trillion student debt crisis, according to the Wall Street Journal’s analysis of the 50 schools’ financial statements.

There is a ceiling to this. There is a point where most people will not be able to afford college. Then what?