[VIDEO] John Stossel takes a look at Yale University in Connecticut. Yale gets tax breaks which allows them to spend their money in any way they want, however, the town of New Haven has a budget shorfall. Also another consideration in this is student loans.
Well it's hilarious that an Ivy League school known for enrolling wealthy students have student loans, however, collection of student loans are important revenue for schools. It's another means to subsidize these universities.
I'm going to say again we went college crazy in this nation. There needs to be some reform and to the point where a bachelor's degree has some value. Not only that we need end the dependence of student loans.
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