A college education is part of the American dream. But the massive costs involved are leaving a generation of students in financial debt.
Most children in the United States have been schooled by their parents about the importance of a college education. It can open doors to a successful career but it can also open a trap-door to thousands of dollars of debt.
According to the College Board Annual Survey of Colleges, the average price tag for an in-state public college is just over $23,000 per year in the U.S.
A private college is double that, at more than $46,000 per year in the U.S.
CCTV’s May Lee filed this report from Los Angeles.
To discuss the costs of college in the U.S. compared to the rest of the world:
- Goldie Blumenstyk is a reporter and editor with the Chronicle of Higher Education.
- Joel Best is co-author of “The Student Loan Mess: How Good Intentions Created a Trillion-Dollar Problem.”
- Jared Meyer is co-author of “Disinherited: How Washington is Betraying America’s Young.”