Page 10 Thursday, October 4, 1984 The Capitol Times
How high will tuition go?
BOSTON (CPS) - By the time
the babies born this year get to
college, they may have to pay
$45,000 to $lBO,OOO for their
degrees and face a huge post
graduate debt, according to a
recent accounting firm study.
"We've witnessed an in
crease of more than 330 percent
in tuition and required fees over
the past 15 years in the public
sector alone," says Clark Ber
nard, chair of higher education
planning for Coopers and
Lybrand, which conducted the
college costs study for the
American Association of State
Colleges and Universities
(AASCU).
If such rapid tuition increases
continue through the turn of
the century, as many financial
experts expect, 'families who
have a child this year will pro
bably have to spend $45,000 for
a public college education in 18
years," Bernard says.
The cost of sending a child to
a private college, moreover, will
run from $140,00 to $lBO,OOO,
the study predicts.
"The implications (of the
study) are extremely serious,"
says Allan Ostar, AASCU
president.
"We may well be creating a
debtor class of students" by
charging so much for tuition
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that students will spend decades paired." "may well be influenced in them repay their loans, rather
paying back their education And future college students what kind of career they go in- than choosing the field they
loans, he says. facing such momentous debts to based on how well it will help really want to go into."
Currently, the cost of atten
ding a public college averages
$15,000, Bernard says, white
four years at a private in
stituiton runs about $37,000.
A recent University of
Wisconsin study, Ostar says,
shows that today's average col
lege student already has a debt
of $B2OO upon graduation.
Compounding high tuition
rates is the federal student aid
programs' shift from giving
students money through grants
to a greater dependence on loan
programs.
Two decades ago, Ostar re
counts, about 70 percent of all
federal student aid was in the
form of grants and other
awards. Today, 70 percent of
all aid money is in loans which
students must repay after
graduating.
If tuition rates continue to
soar and the balance between
grants and loans remains lop
sided, he warns, "a student's
ability to purchase consumer
goods, a car, clothes -- just the
things it takes to get started in
life -- will be seriously im-
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Photo by Lisa Mauss
The Student Center - and this student - lumped with excitement last Friday during S.U.S.O.G.'s Air Guitar Contest
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