More Americans than ever are getting college diplomas, and it’s costing them. Adjusted for inflation, tuition has increased more than 50 percent since 1999, spurring students to take on crushing loads of debt. It’s set to get worse on July 1 when, barring a congressional deal, the rate charged on federally subsidized Stafford loans will double from 3.4 percent to 6.8 percent. The change means bigger payments for families ill-equipped to handle them. Over half of all student debt is held by households whose net worth is under $8,500.
Looks like a bubble, quacks like a bubble
by Mitch Kokai
July 2, 2013 at 7:13 am
Mitch Kokai / Senior Political Analyst
Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...
Mitch Kokai, February 25, 2020
Brenee Goforth, February 25, 2020
Terry Stoops, February 25, 2020
Subscribe to periodic updates from the Locker Room with the latest news on North Carolina issues: