I just found this 4 month-old story from Newsday in New York (Long Island).
- College costs have risen 400% since the 80s.
- The average student graduates with over $20,000 in loans these days (2008).
- Nearly 10% of college graduates have loans with interest rates that hover near 20%.
- 33% of the money parents use for college comes from income or investments.
- This past spring semester, 65 percent of schools across the country reported an increase in the amount of unpaid tuition bills
So, colleges are initiating a number of programs to deal with the shortfalls of enrolled students. Donor drives to fill gaps in tuition payments, extending terms for back tuition payments, and promising to hold increases down as much as possible.
This article leaves the issues unsolved, and leaves the reader grasping for some answers. There ARE some answers, but they are not ever written by newspaper and magazine writers. Guess where the real answers lie?