On the recordSeptember 9, 2002
as another school year starts, many college students are worrying not only about their class loads and their coursework, but about where the money to pay for their educations will come from. Today, the average cost of attending a public 4-year college has jumped to $9,000, up 7.7 percent from last year. This represents the highest rate of increase since 1993. For those families that choose to send their children to a private institution, that number rises. Up 4.7 percent from the year before, the average cost of a private 4-year institution is now close to $24,000 a year. What do these rising tuition costs mean? Hard working American families are spending a larger percentage of their incomes than ever before to send their children to college. To attend the University of Delaware, where I went to school, it costs nearly 20 percent of a Delaware family's average annual income to cover costs. To attend a private college or university, that number, in some instances can jump to over 40 percent of annual income. To help remedy this situation I come to the floor today to reintroduce legislation to help American families afford their children's tuition.
Source
govinfo.gov




