A college education is part of the American dream. But the massive costs involved are leaving a generation of students in financial debt.
Most children in the United States have been schooled by their parents about the importance of a college education. It can open doors to a successful career but it can also open a trap-door to thousands of dollars of debt.
According to the College Board Annual Survey of Colleges, the average price tag for an in-state public college is just over $23,000 per year in the U.S.
A private college is double that, at more than $46,000 per year in the U.S.
CCTV’s May Lee filed this report from Los Angeles.
The Heat: High costs of college Pt 1A college education is part of the American dream. But the massive costs involved are leaving a generation of students in financial debt.CCTV’s May Lee provided an update from Los Angeles.
To discuss the costs of college in the U.S. compared to the rest of the world:
- Goldie Blumenstyk is a reporter and editor with the Chronicle of Higher Education.
- Joel Best is co-author of “The Student Loan Mess: How Good Intentions Created a Trillion-Dollar Problem.”
- Jared Meyer is co-author of “Disinherited: How Washington is Betraying America’s Young.”