Will continuing tuition increases eventually cool demand for college?
Total student loan debt hit the $1 Trillion mark this week and continues growing. Congress is debating to stop the increase in the student loan interest rates from 3.4% to 6.8% on July 1, 2012. And, UC’s are considering an additional 6% tuition hike on top of the 47.6% tuition increase, since 2009. With more attention about the consequences of debt for recent graduates and the Rutgers University study showing only 50% of college graduates from 2006-11 are employed full time, are the costs of college starting to be equal to or greater than the benefits?