Just like homeowners were left stuck with the bill in the wake of a financial crisis, the federal government is failing to protect college students form the incessant rise in the cost of college tuitions. According to Joseph Stiglitz, a professor of Columbia University and a Nobel Memorial Prize winner in economics, “average tuition, and room and board, at four year colleges is just short of $22,000 a year, up from under $9,000 (adjusted for inflation) in 1980-1981.” In an economy that is increasingly dependent on knowledge-related industries, more Americans are seeking a higher education in order to climb up the rungs of the economic and...
... middle of paper ...
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