The issue of rising college costs is one many students know all too well. Tuition has increased 225% since 1984-85, forcing many students to take out student loans to pay for the increasing cost of higher education
So many, in fact, that student loan debt in U.S. has reached $1.2 trillion, causing families, lawmakers and others to worry about students’ ability to pay off this debt, not to mention the potential repercussions of this debt on the economy. What’s more, students may not be able to to send their own children to college.
Some blame decreases in state funding of higher education due to lower state appropriations during the recession as the reason for this increase in tuition costs. But others argue this decrease in funding is compensated for via other means.
Bipartisan legislation introduced by Sen. Lamar Alexander (R-TN) and Sen. Michael Bennet (D-CO) seeks to change the way students finance their education through student loans, simplifying the application and repayment processes. It also looks to cap the amount students can borrow to pay for school.
In this week’s podcast, the causes and consequences of rising tuition and student loan debt are explored. Take a listen:
Filed under: CAMPUS LIFE Tagged: Brooke Fox, Christopher Newport University, college tuition, Collin Brennan, podcast, student debt, student loans, University of Colorado at Boulder
