Education

Colleges spend like there’s no tomorrow. ‘These places are just devouring money.’

From The Wall Street Journal: “The nation’s best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines comprising snazzy academic buildings and dorms. They poured money into big-time sports programs and hired layers of administrators. Then they passed the bill along to students. … Pennsylvania State University spent so much money that it now has a budget crisis—even though it’s among the most expensive public universities in the U.S.”

View the full article from The Wall Street Journal. [Subscription required.]