College for the Cost-Conscious: Picking A Budget School
The cost of higher education has become an increasingly heavy burden. Students are finding different ways to adapt.
“Taking out debt to get a diploma has become the rule instead of the exception,” says Tamara Draut of the New York-based public policy think tank Demos. She contributed to “The Great Cost Shift,” an in-depth report on tuition and debt.
“More and more students are taking on more and more debt, leaving themselves very vulnerable, especially today when we know unemployment is still a problem for young people,” she says. “There’s now one trillion dollars in student loan debt.”
The average borrower owes more than $24,000. But some students are refusing to buy in. CBS Radio Philadelphia.
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