July 18, 2006
The College Cost Crunch: A State-by-State Analysis of Rising Tuition and Student Debt
On the eve of one of the largest interest rate hikes on outstanding student loans, Democrats urged students to consolidate and unveiled a report on the state of student debt and the increasing cost of attending college in the United States.
The report, from the Democratic Policy Committee, provides a state-by-state analysis of the rising cost of college, the erosion of the Pell grant, the average student loan debt incurred by college graduates and the percent of family income needed to pay for college after financial aid. The Democrats also discussed their initiatives to combat the student debt crisis and increase support for students, not banks. [RJ]
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