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College Debt #1005699

CBS Evening News for Wednesday, Oct 26, 2011
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(Seattle: Scott Pelley) The announcement by President Obama of an executive order to help borrowers pay off student loans noted. College Board statistics on the increase in tuition/expenses costs at colleges cited.

(Chicago: Dean Reynolds) The college loan debt crisis due to rising costs at public Universities examined. [University of Illinois at Chicago Katrina MANALAC††- says she is overwhelmed by loans and did not want to have to live at home.] [American Council on Education Terry HARTLE††- says it is about state budget cuts leading to tuition increases.]

(Seattle: Scott Pelley) The value of a college degree as shown in unemployment rates for high school graduates vs. bachelor's degree holders cited.

Reporter(s):
Pelley, Scott;
Reynolds, Dean
Duration:
00:02:20

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