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Over the last three decades, higher education has become an even greater necessity for all Americans. Our citizens know that the key to economic success for them and their children is to invest in education. |
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American colleges and universities play a pivotal role in training the nation’s citizens, leaders, innovators, public servants and educators. In today’s economy, a college education is more desirable than ever before – millions of high school students strive for its promise and the benefits it brings for both the individual and society. |
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In January 2004, the State Public Interest Research Groups (PIRGs) released Ripoff 101, a report documenting the high price of college textbooks. Ripoff 101 surveyed popular textbooks at 10 public colleges and universities on the West Coast and detailed the gimmicks publishers use to artificially inflate the cost of textbooks. The report sparked extensive media coverage, a call to action from hundreds of faculty members around the country, a congressional investigation, and government action in a number of states, including California, Connecticut and Illinois. |
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The report finds that public college students from a family with a household income of $62,240 or less face an average of $3,986 a year in unmet need. On average public college students from families with a household income of $34,288 or less fare even worse, facing an average of $4,990 a year in unmet need. |
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In 21st century America, a college education is critical for individual success and the strength of our nation. Higher education is associated with better health, greater wealth and more vibrant civic participation, as well national economic competitiveness in today’s global environment. As the need for a college degree has grown, however, so has the cost of obtaining that education. The result is rising student debt.
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