To the Point
The High Cost of Higher Education
The rising cost of tuition and fees makes college inaccessible for millions of young Americans while others graduate with tens of thousands of dollars in debt. We look at their plight, their prospects and President Obama's plan to take over student loans and create a big, new entitlement program. Also, the stress test results, and the best record in baseball and performance-enhancing drugs.
By Warren Olney • • 50m ListenThe rising cost of tuition and fees makes college inaccessible for millions of young Americans while others graduate with tens of thousands of dollars in debt. We look at their plight, their prospects and President Obama's plan to take over student loans and create a big, new entitlement program. Also, details leaking out on stress test results, and LA Dodgers star outfielder Manny Ramirez has been suspended for violating the drug policies of the Major Leagues.
Banner image: President Barack Obama listens to Stephanie Stevenson, a young student said to be struggling to afford the cost of college education, in the Diplomatic Room of the White House on April 24. Photo: Aude Guerrucci-Pool/Getty Images
In this episode
3 storiesStress Tests Will Gauge Confidence in Banks
Results of the much-awaited stress tests for American banks will be formally announced later today. But a lot of details already have leaked out. Greg Ip is US Economics Editor for the Economist.
Read the story7 minStudents Take on Increasing Debt to Pay for an Education
In the proportion of college graduates between the ages of 25 and 34, the US used to be first among the world’s nations. But it has fallen to seventh, with tuition and other costs too high for millions of young people. President Obama wants a massive new entitlement program to get America back on top .
Read the story35 minDodgers' Star Outfielder Ramirez Suspended for 50 Games
For the first time in many years, the Los Angeles Dodgers have the best record in baseball, in part, because of their star outfielder, Manny Ramirez . Now he’s has been suspended for the next 50 games. Ramirez, who’s batting .348 with six home runs and 20 RBI’s, won’t be eligible to go back on the field until July 3.
Read the story8 min
