(Washington Post) The financial distress caused by college tuition worsened the foreclosure crisis at the heart of the Great Recession.
New research in the journal Demography shows that if you wanted to know where the wave of foreclosures would hit next from 2006 to 2011, you could start by looking for places which had just sent an unusual number of students to college.
Sociologists Jacob Faber of New York University and Peter Rich of Cornell looked at annual changes in college attendance and home foreclosures for 305 broad American metro areas which cover about 85 percent of the population.