This document discusses the rising costs of college education in the United States and potential solutions to control costs. It notes that college costs have increased over 1000% in the last 30 years, leaving many students with large amounts of debt that is difficult to repay. This student debt bubble could negatively impact the economy if it bursts. The document proposes several solutions, including forgiving student loans after a certain number of years, increasing tax credits for families paying for college, and controlling tuition costs by freezing tuition at public and some private schools. It advocates for students and families to vote for political candidates that support controls on college costs.

1. Should Government Control The rising costs
of a college Education?
By: Desiree Joy
Image Source:
http://www.geteducated.com/cutting-online-university-cost

2. T
O
D
A
Y

3. Unsustainable - The Bubble Effect
http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm

4. http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-percent-bloomberg_n_1783700.html
Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years
According to Huff Post College edition 8.2012

5. Generation Z (AKA Silent Generation)
http://www.politico.com/news/stories/1211/69540_Page2.html
My son - Expected College
Graduation Yr. 2026
expected Cost according to
MEFA.org for a private
college
$103,000.00

6. younginvincibles.org

7. With More Student Loan Debt Comes:
A) Less Money to Finance a Home
B) Less money to spend (Slowing economy)
C) Less money to save (Less money for retirement planning)

8. Evils of Student
Loan Debt
•UNFORGIVEABLEUNFORGIVEABLE -- We can forgive people going out and spendingWe can forgive people going out and spending
thousands in vacations and “junk” but we cannot forgive those getting anthousands in vacations and “junk” but we cannot forgive those getting an
educationeducation
(EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR(EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR
FREEDOM)FREEDOM)
• DEBT COLLECTION -DEBT COLLECTION - Creditors will call you .... more than any ofCreditors will call you .... more than any of
your friends. They will prey on you like vulturesyour friends. They will prey on you like vultures
• DOUBLE YOUR INTEREST RATE -DOUBLE YOUR INTEREST RATE - ((why?????)why?????)
Because they can...Because they can...

9. What you can do:
Mychal Smith reminded us that just last year in his State of the Union, President Obama proclaimed, "No one should go broke
because they chose to go to college.” He called for student loans to be forgiven after 20 years—10 for those who go into public
service—and a $10,000 tax credit for families paying for a four-year college.
http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop?page=0%2C4&paging=off

10. Solutions:

11. Several schools are responding by refusing to raise tuition. Public schools in Arizona and Texas
recently decided to freeze in-state tuition, as did many private schools across the country.
Among the private schools that froze tuition last fall are Burlington College in Burlington, Vt.,
Ancilla College in Donaldson, Ind., Tabor College in Hillsboro, Kan. and Franklin Pierce
University in Rindge, N.H.
What Can Schools Do:
According to acticle published in Diverse
http://diverseeducation.com/article/53060/#

12. What you can do:
Be a Catalyst for Change - Vote for Controls on College Costs
-
Hold our politicians accountable - Vote responsibly
As a Consumer - Make wise decisions - Research your college,
your loan options and utilize tuition reimbursement.
If you have kids - Save early.

13. Works Cited
Censky, Annalyn Surging college costs price out middle class CNN Money June 13, 2011
http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm
Chany A. Kalman and Geoff Martz, Paying For College Without Going Broke, New York: 2009 Print
The College Board 2011 Getting Financial Aid, 5th
Edition , page 5 New York Macmillan Print
Ellis, Blake “College of 2013 Grads Average $35,200 in student loan debt May 17, 2013 web
http://money.cnn.com/2013/05/17/pf/college/student-debt/index.htm
Evans, Jasmine Exorbitant education, Diverse Issues in Higher Education May 2, 2013 web
http://diverseeducation.com/article/53060/
Hacker, Andrew “Room for Debate” Control Costs and you will control the problem www.nytimes.com
web
Huff Post College, “Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years” August
15,2013 http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-
percent-bloomberg_n_1783700.html
Jaffe, Sarah Alternet “Is the Near Trillion Dollar Student Loan Bubble About to Pop”
http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop?
page=0%2C4&paging=off web
Tanabe, Gen and Kelly 501 Ways for Adult Students to Pay for College. 3rd
Edition pg pg.168 Belmont
CA: Supercollege, LLC 2009 Print