The Real Problem in Paying for College
If you saw the news about the University of California raising its tuition by 32%, you’re probably sympathizing with the UC students protesting loudly on campus. And who can blame them? The huge increase averages out to about $2500 more per student, and to anyone in a low-paying job or, worse, unemployed, another $2500 might as well be $25,000 as far as coming up with it is concerned.
But even considering all the students affected by tuition increases across the country, it’s not as easy as you’d think to figure out the real problem in paying for college these days.
Ian Ayres, a lawyer and economist who writes for the Freakonomics blog at the New York Times, suggested this today:
He makes some interesting points and provides a different angle on the college cost problem and solution.
What do you think is the real problem in paying for college? Is the cost of your college education a bargain, just right, or too high? If you were successful in paying for college with no or minimal debt, how did you do it?