According to the Federal Reserve, non-real estate consumer debt increased by $7.2 billion during the month of April, as consumers borrowed with abandon to buy cars and pay for college. Farewell, new-found thriftiness.
Student debt
College Sells Rare Books, Furniture to Fund Operations
Lambuth University in Jackson, Tenn., has just 400 undergraduates and has been plagued by financial and regulatory issues for years. In April, the college announced that it would close June 30th.
