Pop Up Archive Item: “How The Cost Of College Went From Affordable To Sky-High” : https://www.popuparchive.com/collections/1468/items/11152

Transcript for file: 20140318_me_how_the_cost_of_college_went_from_affordable_to_sky-high.mp3

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we’ve been hearing a lot about the stunning upward spiral of student desk

and here’s a number for you it has now surpassed a trillion dollars higher than

America’s collective credit card debt as part of a month long look at how Americans

Americans are paying for college and your Claudio Sanchez examines house or in college

College cost at 4 Stanley still put a much larger share bear income towards higher

occasion if you want to get an earful about paying for college listen to parents

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sunstate for tuition and fees skyrocketed in the last 5 years in Arizona

example parents of seen a 77 percent increase why addictive

steps to? Parents ask the shelf grace lemon role of Sun City Arizona says

person couldn’t afford to stay in college she worries for granddaughter won’t even though she’s trying to

trying to help her with tuition how much is going to come out of my pocket where am I going to get that money

parents in Georgia 75 percent Washington State

870 percent even in Oklahoma which which increases have been among the lowest in the name

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the nation parents I just made Jeffrey Corbett is from Stillwater Oklahoma

his daughter is attending Community College Corbett a fundraiser for a non profit

says a highschool diploma just won’t get you very for he knows he doesn’t have

have a college degree what think about all the time because I realize what it has limited

Limited me by not having a piece of paper and that experts say is the source of parents for stray

stration today a college education sings on Affordable the worst possible

Apple time college president going up so fast when people are really struggling the unemployment rate

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red high nobodys we just have gone up in recent years sandy bottom senior fellow

felattio Institute has spent much of her career studying trans in college cost

cost increases in college tuition at public colleges particular in recent years have really been done except

unacceptable and is no question but that is a much higher percentage of median

median incomes Bennett used to be and yet says bomb somehow people are paying for

and the reason people are paying for it is because the returned to the investment is so high

hi no matter what you pay for higher education most Americans think it will be worth it

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sit down but it was a different story 70 years ago the most Americans sought

what college was only for the weather feel

changed after World War 2 the Servicemen’s Readjustment Act

for better known as the GI Bill of Rights the GI Bill

rather an American Way

man plays once again in the community and get some of those things

occasions

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GI bill made

Dade College affordable for an entire group of veterans

who never would have thought of going to be on high school John C when is a professor

the University of Kentucky and I am the author of a history of American higher education

asian teen says the GI Bill with an unexpected success in Rolling just under 18

8 million veteran 10 times a number the office of the bill have protected

the sudden normal to Manchester England cruise ports College cost higher but it didn’t

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did because States embrace the idea the booming postwar economy allowed

allowed to spend on Presidents on money to expand higher education the biggest

the biggest problem that was facing governors of legislators could we build campuses fast

bath whilst eat when fasting the federal government was coming out of huge

can you roll for itself helping families pay for college its bum the Nash

national defense to know which later became the Perkins Loan Program it did for sale

for civilians with the GI Bill have done for veterans opening college Gates even wider

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then with the civil rights movement as a backdrop the landmark 1960

6502 quetion X push for greater College axis for women and minorities

again John Cena and also what’s important to know is that the same period 1960

265 to 1972 colleges and universities dog very deep into your own palm

pockets to provide grants to student financial aid

in partnership with the new federal programs Americans flock to campuses with exp

the expectations of the government was going to put part of the cost for many more America

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American system in college became a portable I think the turning point with a round 90

1970 double digit inflation and oil embargo aspiring economy

a perfect storm begin to build college tuition and fees climb this much or more

more than the inflation rate private loans heavily subsidized by the federal government

gradually replaced federal grants as the main source of money for both por

poor and middle class college students as family income cell borrowing to pay for college

College took off while public investment in higher education dropped sandy

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sandy bottom of your brain Institute says that drop has been the single biggest reason

the increase in college cost so its not that the colleges are spending more money to educate

it’s that they have to get that money from someplace to replace the lost state

state funding and that from tuition and fees from students and family most Institute

institutions try to keep house down box has some to advantage of a public perception

Sheneneh high tuition mean a quality education the show me evidence that people

people don’t know how to measure the quality of a college education they think benefits expensive

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must be better I don’t think colleges want to have high prices but I do think they C Street

the strategic reasons why it may be in their interest to have high prices for the average time

which family does the pricing of a college education has become a shell game colleges

point out there’s the sticker price and is the real price which is great for the future

you can navigate the labyrinth of financial aid sources and discounts Institution say they offer

the office which princess back to those bewildered if not wearing parents Lucy knowing

when to the rise in college cost parents like having to let a mother of two from

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who from suburban Seattle her daughter attends Washington State University when she study to be

to be a veterinarian never question at my kids were going to go to college was always the disco

discussion from the time they were babies that’s what they were going to do but it does come down to the Paradise

the parent making a decision about what they can afford the realization that a college education

never will be the entitlement that many Americans thought it was dirty

30 and 40 years ago Deli Sanchez NPR news