by Kent Covington
Posted 8/13/15, 02:15 pm
Republicans and Democrats don’t seem to agree on much these days, but they see eye-to-eye on at least one thing: The cost of a college education is getting out of hand.
“Student loan debt has now surpassed credit card debt for the first time ever,” President Barack Obama said recently. “That’s inexcusable.”
Tuition rate hikes have outpaced inflation every year for decades. The average student with college loans now graduates with $35,000 in student debt, more than double the average debt just 15 years ago.