In the past 20 years, the average burden for a four-year college graduate in the U.S. has gone from about $9,000 to nearly $30,000 today. The percentage of students carrying debt has shot up from less than half to nearly 70 percent these days.
At a large public high school in Freemont, Calif., southeast of San Francisco, Alyssa Tucker and Thao Le sit on a metal table. Both come from families with modest incomes.
If you want to get an earful about paying for college, listen to parents from states where tuition and fees have skyrocketed in the last five years. In Arizona, for example, parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent.
It's back-to-school season for college students — and President Obama plans to be right there with them.
The president will spend the next two days on a bus tour of New York and Pennsylvania that includes stops at three colleges and a high school. At each stop, he'll be talking about ways to make college more affordable.
The president's big black bus will make its first stop at the University at Buffalo on Thursday — the same day incoming freshmen will be moving in, hauling suitcases and mini-refrigerators.