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Home » A Generation Hobbled by the Soaring Cost of College

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A Generation Hobbled by the Soaring Cost of College

Source: nytimes.com Author: ANDREW MARTIN READ FULL ARTICLE AT nytimes.com

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ADA, Ohio — Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.



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Degrees of Debt: Slowly, as Student Debt Rises, Colleges Confront Costs (May 15, 2012)



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Ruth Fremson/The New York Times
WORKING 3 JOBS  Chelsea Grove dropped out of Bowling Green State University and owes $70,000. “I’ll be paying this forever,” she said.

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Ruth Fremson/The New York Times
LOOKING AHEAD Denise Entingh expects to borrow about $45,000 to get a bachelor’s degree in nursing from a for-profit college. She left a community college after waiting to get into its nursing program.


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“If anything ever happened, God forbid, that is my debt also,” said Ms. Griffith’s mother, Marlene Griffith.
Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.
“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a...

Full article: A Generation Hobbled by the Soaring Cost of College

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May 12 2012 submitted by Linda Cruz

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