@anfuller @ForsythJenn and I spent months scouring financial records from 50 flagship universities, across 20 years, to better understand why college is so expensive--and where all that money goes. A🧵on our investigation wsj.com/articles/state… Yes, many states cut funding for flagships. Sometimes by a lot. But for every $1 those schools lost in state support, they added $2.40 in tuition revenue. They filled the hole. And kept going. 2/4

My WSJ investigation w/ the inimitable @anfuller shows master's programs at prestigious private universities often leave grads in worse financial shape than those at for-profit colleges. 1/ wsj.com/articles/finan… Columbia's film program is the worst of any master's, in any field, at any major university, in terms of debt to early-career earnings. There, recent grads with federal loans borrowed a median $181,000--and had median earnings under $30,000 two years after graduation. 2/