College Affordability and Why Your Vote Matters
A new report on the troubling amount of money most college students must borrow was released at the end of February, 2012. Compounding the hurdles for many young people seeking a college education is the double burden of dropping out and being in debt. What career prospects do you have when you only have half a degree, but an enormous amount of money you owe and no way to repay it? A high-paying job seems ever more out of reach.
The difficulties stem from many causes. Tuition is too high. Pell grants, which need not be repaid like a loan must, are limited in number and capped at levels that barely make a dent even in state tuitions. State budgets to fund community college and four-year colleges in California’s state system have been slashed by the legislature, resulting in higher tuition and reductions in the classes offered, slowing a student’s ability to graduate on time.
And if you can’t repay your loans, personal bankruptcy is the spectre that hangs over your head. But here’s the
The difficulties stem from many causes. Tuition is too high. Pell grants, which need not be repaid like a loan must, are limited in number and capped at levels that barely make a dent even in state tuitions. State budgets to fund community college and four-year colleges in California’s state system have been slashed by the legislature, resulting in higher tuition and reductions in the classes offered, slowing a student’s ability to graduate on time.
And if you can’t repay your loans, personal bankruptcy is the spectre that hangs over your head. But here’s the
