Ken's Project Blog

January 18, 2011

Price of Admission

Filed under: Education,In The News — Ken @ 4:44 pm


In the above video you’ll see University of Colorado Boulder student Nic Ramos who paid his $14,300 semester tuition bill in single $1 bills, to underscore the expense of his education and maybe spark a conversation about the cost of a college education. The student and his friend Dan Order ran the numbers, and they figure each hour of classroom time translates to $65 of his tuition – Dan said “It makes me not want to skip class.”

In a related story, over at CNBC they have a great special called “Price of Admission: America’s College Debt Crisis” and in the story you’ll hear how tens of thousands of dollars in college debt can turn into hudreds of thousands in loan payments – even if you pay on-time – and the predatory collection practices some lenders engage in…

Sources:

Heavy Price: CU Student Pays $14K Tuition in $1 Bills

Price of Admission: America’s College Debt Crisis

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