Students in US face ever-rising college debt

New York Times : Even as the US economy fell into a recession in 2008, the cost of attending college kept rising. Although US output has recovered somewhat, unemployment remains near 10%, which means that newly graduated students face mounting burdens of college debt. As the New York Times‘s Tamar Lewin reports, the financial pressure on some students is likely to become worse if proposed cuts in Pell grants for low-income students become part of the US budget. In general, borrowing to pay for college remains a good investment. However, the prospect of having to pay off $100 000 or so in loans when jobs are hard to come by could dissuade low-income students from going to college.