" Where Americans do need help, immediately, is in managing the rising cost of college-something which Michelle and I are all too familiar (for the first ten years of our marriage, our combined monthly payments on our undergraduate and law school debt exceeded our mortgage by a healthy margin.) Over the last five years, the average tuition and fees at four year public colleges, adjusted for inflation, have risen 40 percent. To absorb these costs, students have been taking on ever-increasing debt levels, which discourages many undergraduates from pursuing careers in less lucrative fields like teaching. And an estimated two hundred thousand college-qualified students each year choose to forgo college altogether because they can't figure how to pay the bills."
Barack Obama : The Audacity of Hope
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