Colleges definitely know how to spend money.

College Fix reports.

Colleges continue to blow through money like there’s no tomorrow

Two North Carolina institutions of higher education are announcing an agreement Thursday afternoon to streamline students’ ability to transfer between them.

That’s a boon to students at the 58 members of the North Carolina Community Colleges System and 21 members of the North Carolina Independent Colleges and Universities:

This signing represents an unprecedented alignment among all higher education in North Carolina. In February 2014, the State Board of Community Colleges and the Board of Governors of the University of North Carolina system, signed a similar agreement, updating guidelines that have saved students and families both time and money, and that have stretched taxpayer-funded dollars.

If only this were the general trend in higher ed nationwide. Sadly, it seems like an aberration.

Welfare for lawyers

Consider the predictable result of a well-meaning federal program aimed at helping graduate and professional students – 16 percent of the population of student borrowers but whose loan debt now comprises 40 percent of the total, according to the New America Foundation.