May 14th, 2009

Can Anyone Afford College in 2009?

The cost of higher education has been climbing for decades, but the current recession has made college nearly impossible for many families to afford. Interest rates for private and public loans are higher than ever, and in states like California, where the economic situation is especially dire, state universities have increased the cost of tuition.

uc-berkeley_campus

The New York Times recently profiled a young Californian, Brennan Jackson, whose goal was to raise $25,000 in merit scholarship money so that his family could afford to send him to University of California at Berkeley. This week, the Times published an update: because of the story, Jackson has found a benefactor who has committed to giving him $20,000 per year to go to Berkeley. Without this kind of help, however, many families just like the Jacksons will struggle to send their college-age children to the schools of their choice.

Original New York Times Story

Follow-up Story in the Times

Related Program:  Higher Ed, Higher Costs

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