December 25, 2012
HIGHER EDUCATION BUBBLE UPDATE: For Poor, Leap to College Often Ends in a Hard Fall. “Not one of them has a four-year degree. Only one is still studying full time, and two have crushing debts. Angelica, who left Emory owing more than $60,000, is a clerk in a Galveston furniture store. . . . even after accounting for financial aid, the costs of attending a public university have risen 60 percent in the past two decades. Many low-income students, feeling the need to help out at home, are deterred by the thought of years of lost wages and piles of debt.”
Go to college, but don’t borrow money to do it. Plus this: “The growing role of class in academic success has taken experts by surprise since it follows decades of equal opportunity efforts and counters racial trends, where differences have narrowed.” Unexpectedly!