Why Is College So Expensive?

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College students and graduates have racked up more than a trillion dollars in student loan debt, as the cost of a higher education is rising fast. Why are colleges and universities increasing tuition instead of cutting expenses? Is online learning on the verge of changing the way Americans prepare themselves for employment in the so-called "knowledge economy?" Also, the G8 Summit convenes at Camp David. On Reporter's Notebook, this weekend, six playoff games will be played in both hockey and basketball — in one single arena. Crews will have 80 hours to change a wood floor into an ice rink and back again. It all happens at the Staples Center in downtown Los Angeles.

Banner image: Students walk across the campus of the University of California. Photo by Kevork Djansezian/Getty Images