Since the early 80s, college tuition and fees have grown 375%. That’s almost 3 times the median family income. How is everyone involved handling the rising economic pressures of paying for college?
This two-part series examines how the nation’s public universities and its students are faring amid the economic downturn rising costs of higher education.
In part 1, we talk with 3 students who tell us how they are paying for college and planning for their (indebted) futures. We also hear from a recent graduate who’s struggling to make the minimum monthly payments on her $67,000 loan.
Watch Part 1: Paying for College, Drowning in Debt >>>
In part 2, we get a different perspective on the rising costs of college. This time we’re taking a look at how the financial crisis is affecting colleges themselves. We talk with university administrators, professors and Pat Callan, President of the National Center for Public Policy and Higher Education, about the rising cost of higher education and how fewer families will be able to afford to send their children to college.
(No Ratings Yet)
Loading ...
December 9, 2008 at 1:58 pm
Deborah Humphries says:
I thought the article on how rising college costs and increasing levels of debt are affecting today’s students was timely and well-done. However, I think two important issues were ignored that have a huge impact on how students and their parents might gauge whether student debt is appropriate or not. You might consider doing a follow-up that details the differences between federally subsidized loans and private lending. The terms are very different and too many people view both kinds of loans as the same thing.
You also didn’t highlight any of the new options for repayment or forgiveness of loans if one chooses certain careers—including teaching in high-need areas. This, too, seems like a very important piece of information for prospective students and their parents to have as they are making difficult decisions about pursuing college (and taking out loans to do it)