CLEVELAND, Oct. 6, 2014 /PRNewswire/ -- The expense of higher education is escalating at an accelerated rate, with several colleges now eclipsing $60,000 per year in total costs. Many families are now asking the question – "is the cost of college worth it?"
With an increasing number of college and university leaders expressing concern over maintaining student enrollment, especially considering that most families have to borrow to pay for higher education, what enables these institutions to raise their costs to these levels? Stephen M. Gross, managing member of McDonald Hopkins' Detroit office and co-chair of the firm's Business Restructuring and Bankruptcy Practice, addresses this issue in a recent blog post that illustrates how degrees from these "expensive" colleges normally result in higher income.
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About McDonald Hopkins
Founded in 1930, McDonald Hopkins' mission is to provide insightful legal solutions and business counseling that help our clients strategically plan for an increasingly competitive future. McDonald Hopkins is a business advisory and advocacy law firm with locations in Chicago, Cleveland, Columbus, Detroit, Miami, and West Palm Beach. Our subsidiary, McDonald Hopkins Government Strategies LLC, is based in Washington, D.C. and led by former Congressman Steven LaTourette. McDonald Hopkins Government Strategies is not a law firm and does not provide legal services. For more information about McDonald Hopkins, visit mcdonaldhopkins.com.
Deborah W. Kelm
McDonald Hopkins LLC
600 Superior Avenue, East, Suite 2100
Cleveland, Ohio 44114
SOURCE McDonald Hopkins