image description
# 767278
USD 27.50 (Book Not in Ready Stock, will take 45-60 days to source and dispatch)
- +

Bankers in the Ivory Tower = The Troubling Rise of Financiers in US Higher Education

Author :  Charlie Eaton

Product Details

  • Country United States
  • Publisher University of Chicago Press
  • ISBN9780226720425
  • FormatHardBound
  • LanguageEnglish
  • Year of Publication2022
  • Bib. Info240 p,152 x 229mm
  • CategoriesHigher & Further Education, Tertiary Education
  • Shipping Charges(USD)

Product Description

Elite colleges have long played a crucial role in maintaining social and class status in America while public universities have offered a major stepping-stone to new economic opportunities. However, as Charlie Eaton reveals in Bankers in the Ivory Tower, finance has played a central role in the widening inequality in recent decades, both in American higher education and in American society at large. With federal and state funding falling short, the US higher education system has become increasingly dependent on financial markets and the financiers that mediate them. Beginning in the 1980s, the government, colleges, students, and their families took on multiple new roles as financial investors, borrowers, and brokers. The turn to finance, however, has yielded wildly unequal results. At the top, ties to Wall Street help the most elite private schools achieve the greatest endowment growth through hedge fund investments and the support of wealthy donors. At the bottom, takeovers by private equity transform for-profit colleges into predatory organizations that leave disadvantaged students with massive loan debt and few educational benefits. And in the middle, public universities are squeezed between incentives to increase tuition and pressures to maintain access and affordability. Eaton chronicles these transformations, making clear for the first time just how tight the links are between powerful financiers and America's unequal system of higher education.

Product added to Cart
Copied