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College Costs #248058

CBS Evening News for Monday, Sep 20, 1976
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(Studio) College attendance and costs up this fall.
REPORTER: Walter Cronkite

(Hamilton, New York) Report on rising costs of going to college. Attendance up at state schools because they're cheaper than private ones; Brockport branch of State University of New York cited as example Even here costs high and more seeking financial aid. [Brockport financial aid director James WOOD - says many come in who don't know what to do.] Kinds of financial aid and problems involved noted; Colgate University sophomore Bonnie Savage's case cited; Colgate, private college in Hamilton, New York, turned down Savage's request for financial aid. [SAVAGE - says in middle income group, more money made than is eligible for aid, but still it's not enough for 4 years, especially if other children going through college.] Savage family lives in Rye, New York; financial background noted. [Mrs. Betty SAVAGE - says they don't do things they used to; are always aware of money running out. Says if can't get aid this year, might have to remortgage home.] [Richard SAVAGE - says last resort would be daughter's going to another school; he'll probably look for part-time job.] Parents worry re: borrowing for school. [SAVAGE - says daughter will be in debt and no guarantee of job when she gets degree.] Future problems involved in costs of college noted.
REPORTER: Mitchell Krauss

Reporter(s):
Cronkite, Walter;
Krauss, Mitchell
Duration:
00:04:30

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