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Chinese Companies Are Buying Up Cash-Strapped US Colleges (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: Chinese companies are taking advantage of America's financially strapped higher-education system to buy schools, and the latest deal for a classical music conservatory in Princeton, New Jersey, is striking chords of dissonance on campus. Beijing Kaiwen Education Technology Co. agreed in February to pay $40 million for Westminster Choir College, an affiliate of Rider University that trains students for careers as singers, conductors and music teachers. The announcement came just weeks after the government-controlled Chinese company changed its name from Jiangsu Zhongtai Bridge Steel Structure Co. The pending purchase rankles some Westminster faculty and alumni, who question what a longtime maker of steel spans knows about running an elite school whose choirs sang with maestros Leonard Bernstein, Arturo Toscanini and Seiji Ozawa. Alumni are among those suing in New York federal court to block the sale, saying it violates Westminster's 1991 merger agreement with Rider and will trigger the choir college's demise.
I think that more people are becoming aware of how its almost essentially impossible to discharge student loan debt and that even if you're getting a discount, paying back $80,000 in loans when you have a degree that isn't going to guarantee an ability to pay that back anytime soon is a losing proposition.
Not when Communist propaganda has infiltrated more than 100 US colleges. Dude! China is pushing the Communist / Orwellian narrative HARD! They will blow ostensibly trillions of yuan to drown all of humanity in it!!!
Life is not for the lazy.