Price of Admission: America's College Debt Crisis -- Student debt is nearing 1 trillion dollars. Could this be the next bubble? Go inside the debt crisis that could keep taxpayers on the hook for generations.
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As millions of American families struggle to cope with college costs that are rising at twice the rate of inflation, CNBC investigates a system that encourages widespread borrowing—often with little regard to a student's ability to pay—leaving the average college graduate with tens of thousands of dollars in student-loan debt.
How long can the system be sustained? Are student loans the next subprime mortgages? And if the bubble bursts, who will pay the price? CNBC Senior Correspondent Scott Cohn speaks to borrowers, lenders and school administrators to measure the real “Price of Admission” to the nation's higher-education system.
How long can the system be sustained? Are student loans the next subprime mortgages? And if the bubble bursts, who will pay the price? CNBC Senior Correspondent Scott Cohn speaks to borrowers, lenders and school administrators to measure the real “Price of Admission” to the nation's higher-education system.
Secretary Speaks
Our interview with Education Secretary Arne Duncan, who says while he is “a little bit” worried about the explosion in student debt, he is still pushing higher education as a goal for all Americans.
Photo Credit: Getty Images
Our interview with Education Secretary Arne Duncan, who says while he is “a little bit” worried about the explosion in student debt, he is still pushing higher education as a goal for all Americans.
Photo Credit: Getty Images
College Graduate Job Outlook
Despite the gloomy employment market in the U.S., hiring for new grads is on the verge of a rebound, says one recent study. What degrees are the most valuable? We interviewed the study’s author, Dr. Phil Gradner, to break down the numbers.
Photo Credit: photos_alyson | Taxi | Getty Images
Despite the gloomy employment market in the U.S., hiring for new grads is on the verge of a rebound, says one recent study. What degrees are the most valuable? We interviewed the study’s author, Dr. Phil Gradner, to break down the numbers.
Photo Credit: photos_alyson | Taxi | Getty Images
Cheaper Education Abroad?
As the cost of tuition for higher education skyrockets here in the U.S., many students will seek out degrees overseas in order to avoid taking out student loans. But is this really the right move? And if so, do these international students make more attractive candidates to U.S. employers once they return?
Photo Credit: Christopher Groenhout | Lonely Planet Images | Getty Images
As the cost of tuition for higher education skyrockets here in the U.S., many students will seek out degrees overseas in order to avoid taking out student loans. But is this really the right move? And if so, do these international students make more attractive candidates to U.S. employers once they return?
Photo Credit: Christopher Groenhout | Lonely Planet Images | Getty Images
Put That Pizza on My Student Loan
At more than 600 colleges and counting, Higher One is outfitting students with debit cards they can use to purchase anything—books, supplies … pizza, beer, concert tickets, you name it. Is this really in the students’ best interest?
Photo Credit: Victoria Snowber | Digital Vision | Getty Images
At more than 600 colleges and counting, Higher One is outfitting students with debit cards they can use to purchase anything—books, supplies … pizza, beer, concert tickets, you name it. Is this really in the students’ best interest?
Photo Credit: Victoria Snowber | Digital Vision | Getty Images
A $200,000 Degree?
According to The Chronicle of Higher Education, Sarah Lawrence College has been the most expensive college in the country for the previous two academic years: $55,788 for one year's tuition, fees, room and board for a student entering in the fall of 2009. How can the school justify such a high number? We talked to President Karen Lawrence and Vice President of Administration Thomas Blum to find out.
Photo Credit: slc.edu
According to The Chronicle of Higher Education, Sarah Lawrence College has been the most expensive college in the country for the previous two academic years: $55,788 for one year's tuition, fees, room and board for a student entering in the fall of 2009. How can the school justify such a high number? We talked to President Karen Lawrence and Vice President of Administration Thomas Blum to find out.
Photo Credit: slc.edu
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The College Debt Crisis
The nation can't afford to fail this time. A look behind the numbers of the student loan time bomb.
The nation can't afford to fail this time. A look behind the numbers of the student loan time bomb.
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