Tuition is high, so why are universities in debt?

Student loans aren't the only kind of university debt. Colleges and universities have borrowed billions, mostly to build new dorms, dining halls and facilities - space they may, or may not, need as student enrollment declines nationally. Today, nearly 10 cents of every dollar in university budgets help pay interest on institutional debt.
College Uncovered is a podcast about the business of higher education featuring GBH News' Kirk Carapezza and Jon Marcus of the Hechinger Report. It's created as an audio experience.
You can find out more about the businesses of college here: www.wgbh.org/podcasts/college...
Subscribe to the GBH KZbin channel: kzbin.info?sub...
Follow GBH News on Instagram: / gbhnews
Like GBH News on Facebook: / gbhnews
Follow GBH News on X: / gbhnews