Due to the recent recession, all states of the United States were forced to cut their expenses for public colleges and universities. As a result, schools raised tuition. Additionally, they reduced lots of their services. Phil Oliff, an author of a study on the impact of state education cuts issued by the liberal-leaning Center on Budget and Policy Priorities, says: “It’s a really dangerous trend, because tuition will keep growing beyond what increasing numbers of people can pay.” Experts estimate that the trend to cut the financial support for public colleges and universities will not stop over the next few years. Eleven states of the United States already cut their expenses by more than a third. California, for exemple cut its higher education aid from nearly $ 3 billion in 2007-2008 to about $ 2 billion currently, which is a 29 percent drop.
Already over the last few years, student loan debt has been growing. Two-thirds of students graduate with loans, the average debt is an amount of $ 26,600 USD. Additionally, students must face the fact that college costs have risen faster than the availability of grant aid.
und viele Grüße aus Charlotte
Reinhard von Hennigs