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College Aid Gap Bigger Than Ever

Reported by Donna - April 13, 2006

On Studio B with Shepard Smith today he reported that the gap between college aid and the cost of going to college was at it's biggest ever. Seems cuts have been made to financial aid programs while college costs continue to rise, at a rate of over 6% last year, consistently higher than inflation.

Comment: Kim Clark from U.S. News & World Report was the guest who spoke with Smith about a child entering college today would pay on average $90,000 for a college education. For children born now estimated costs are $161,000 for attending an in-state school, $241,000 for out of state college costs and private colleges? $331,000. All this and this administration is cutting back on financial aid and Ms. Clark said the result of this is low and middle class children are not entering college and that's not good. I'll say.

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