Are private colleges and universities about to burst the way the real estate market did? MSNBC has a report on Antioch College's implosion and the fear that more failures may be on the way.
From the report:
Home builders and banks aren't the only ones facing economic headwinds these days. America's undercapitalized independent colleges are staring at a spiral of major threats to solvency as penny-pinching students and parents consider cheaper options, and funding sources dry up. As a result, they could be the next bubble industry to pop.