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Niko · Wed 13-Dec-06, 03:26 PM

Student Loan Debt at All Time Highs

Tuition fees have been rising fast: they are now 4 times higher in real terms than they were in 1975.

If you add in various necessities, such as books and accommodation, private college students fork out just over US$29,000 a year, while their peers on 4-year courses at public universities pay just over $12,000 a year.

Many local governments have cut the money they give public universities, pushing more of the costs on to the students. And with an ever increasing demand on university places, these universities have been able to hike tuition fees.

Rising demand is certainly a sign of health, but high fees present a challenge for the poor. Costs put off 48% of qualified high-school graduates from attending a 4-year university, and 22% from attending any college at all.

So where is the future of education when only the rich can afford it?

A student from Arizona State University can expect to graduate in 2007 with $60,000 in debt. So what was your debt after graduating university?

Wed 13-Dec-06, 03:26 PM	#1 (permalink)
Niko Moderator Join Date: Mar 2006 Nationality: Australian Occupation: Editor Location: Posts: 220	Student Loan Debt Student Loan Debt at All Time Highs Tuition fees have been rising fast: they are now 4 times higher in real terms than they were in 1975. If you add in various necessities, such as books and accommodation, private college students fork out just over US$29,000 a year, while their peers on 4-year courses at public universities pay just over $12,000 a year. Many local governments have cut the money they give public universities, pushing more of the costs on to the students. And with an ever increasing demand on university places, these universities have been able to hike tuition fees. Rising demand is certainly a sign of health, but high fees present a challenge for the poor. Costs put off 48% of qualified high-school graduates from attending a 4-year university, and 22% from attending any college at all. So where is the future of education when only the rich can afford it? A student from Arizona State University can expect to graduate in 2007 with $60,000 in debt. So what was your debt after graduating university? Attached Images To view attachments in this forum your post count must be 5 or greater. You currently have 0 posts.