For generations, Americans assumed that sending a child to college was the safest financial decision a family could make. Today, that assumption deserves far more scrutiny. For many students, college remains an excellent investment. For others, it may become the largest financial mistake of their lives.
In Parts I and II of “Why America’s Colleges Are Far More Fragile Than They Appear,” we were descriptive, outlining the mounting financial pressures facing colleges and universities, pressures that have reshaped the economics of higher education in ways families can no longer ignore.

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