As the total amount of student debt topples over $1 trillion, many have begun to question just how expensive a college degree is. The Student Loan Forgiveness Act was proposed in Congress at the beginning of March, but in spite of the large number of students facing debt, the bill has received much opposition.
When a bill to forgive student debt was proposed, some complained that students who had less money should have attended a public University, assuming that the large debts were the result of a private education. That is not necessarily the case, however. USA Today revealed that at the end of 2011, the cost of public universities and colleges had increased by more than 8 percent.
In 2004, tuition at public schools increased a shocking 11 percent. One couple commented on Forbes that the cost of their son's tuition nearly doubled during his 4-year tenure....
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