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In 21st century America, a college education is critical for individual success and the strength of our nation. As the need for a college degree has grown, however, so has the cost of obtaining that education. The result is rising student debt. |
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Two-thirds of college graduates in 2004 finished school with student loans. After student loan interest rates increase significantly in July 2006, many borrowers will find it even harder to afford necessities such as health care, rent and groceries because of higher loan payments. |
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Today’s college students are under enormous financial pressure. The gap between tuition and fees and financial aid leaves many students working long hours through college, struggling to make ends meet, and graduating with large debts. |
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