Class of 2011 sets debt record

  • Article by: JENNA ROSS , Star Tribune
  • Updated: October 18, 2012 - 11:13 PM

Minnesota college students are among nation's most indebted.

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elmore1Oct. 18, 12 3:28 PM

That is a big burden to start your career with. The colleges need to transform themselves and make education more affordable for students. This is NOT a govt bailout scenario. Educational debt is a personal choice.

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callmechadOct. 18, 12 3:35 PM

Keep susidizing foreign students in direct competition with local students for funding and maybe we can see the local students get stuck with even a bigger tab!

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callmechadOct. 18, 12 3:36 PM

I am pretty sure that the money spent on a new football stadium and the $80,000 spent to not play a game could have been used more effectively to help Minnesota students.

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smaguireOct. 18, 12 4:07 PM

I thought it was ironic that this story was running directly under the ad from St. Thomas saying they raised $500 million. Glad the colleges are making money while students are getting poorer.

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unicorn4711Oct. 18, 12 4:19 PM

Why would colleges reform? They can charge whatever they want and kids will pay it. Or, they can do what the U of M does and recruit more Chinese students willing to pay full tuition. There is no end in sight for run away tuition. What, should we head into the information economy of the 21st century with a) graduates highly indebted. 2) Fewer graduates because many determined college and the debt that comes with it isn't worth it. 3) A world where only trust fund babies like Mitt Romney can afford college and equal opportunity and upward mobility are gone from the US forever. 4) A world where we do a GI bill 2.0, make heavy investments in our own population, and see the seven dollar return for every dollar we put into students bust us into the 21st century? Call me a socialist, but bailing out the debted so they can start businesses and buy houses and then paying for future college costs seems better than the first three options I've listed.

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jd55604Oct. 18, 12 4:34 PM

When the government subsidizes something the costs will always increase. This is an obvious asset bubble that will eventually crash.

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pipdipchipOct. 18, 12 4:37 PM

Although I agree college is very important and the easiest way to a good job, it's not the only way and may not be worth going to straight after college. I was able to find a great, professional job at a large Twin Cities company at 23 and they will pay my tuition for a 4 year degree. That was my plan out of high school and luckily it worked. I realize not everyone is so lucky.

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chrismlittleOct. 18, 12 4:47 PM

I don't know why the rising cost of tuition in America is not one of the bigger issues in the presidential election this year. It's a real problem with potentially serious long term consequences.

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chuckdancerOct. 18, 12 4:51 PM

In our state, Republicans led the charge demanding that students pay more of their education costs. This is the fruit of their labors and makes their followers very, very happy.

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elmore1Oct. 18, 12 5:01 PM

This is an area that needs govt regulation. Like the credit card industry must do, colleges should disclose financial practices, graduation rates, employment rates, and how the money is spent. Continuing to preach get a college degree, go in debt, it will all work out is pretty hollow to the 50% who can't find jobs in this economy.

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