The Student Debt Crisis at State Community Colleges

Virginia community college student Wilis Rodriguez petitions the Legislature to make college affordable. More community college students https://getbadcreditloan.com/payday-loans-wi/west-allis/ are struggling with debt.

Community colleges charge lower tuition than just about anywhere else. They’re open to everyone. They offer the kind of technical training employers want. And they can serve as an affordable steppingstone to a four-year degree.

But while plenty of community college students graduate with a degree that leads to a better job, or to a four-year college, many community college students drop out. And a growing number of students are taking on debt they cannot repay.

States have focused more on reducing the debt students accumulate at four-year colleges than at community colleges. But some of the steps they’re taking could help community college students, as well.

The Student Debt Crisis at State Community Colleges

Most states are now partly funding public colleges and universities based on whether students graduate on time. And some states are tackling community college costs by creating scholarships that eliminate tuition, as Obama has proposed.

In 2000, 15 percent of all first-time college students seeking degrees at a public two-year college borrowed. Twelve years later, 27 percent did. At Michigan’s Macomb Community College, where Obama spoke, just 6 percent of students take out federal loans. But of those students, who typically owe $5,170 at graduation, 18 percent default on their loans.

Working-class people poured into state community colleges and expensive for-profit trade schools when the economy soured. Read more

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