Brown University battles rising student debt
Needy students here graduate with an average of $17,000 in debt, lower than five years ago and below the fast-rising U.S. average of $22,000 for private four-year universities.
PROVIDENCE, Rhode Island (Reuters) - Brown University offers a fine education for big money -- almost $49,000 a year -- but this exclusive school is below average in one way.
"Kids come out of college and for years and years they're unable to buy homes, to buy cars, to even raise families. It shapes their decisions about what jobs they can take, what personal commitments they can make," said Richard Lee Colvin, director of the Hechinger Institute on Education and the Media at Columbia University's Teachers College.
This article appeared in the September 7, 2007 edtion of the Reuters.com.
Published Tuesday, Sep. 11, 2007