By David C. Levy
No public expenditure has a more productive impact on a nation’s health than its investment in education. But college costs have risen faster than inflation for three decades and, at roughly 25 percent of the average household’s income, now strain the budgets of most middle-class families. They impose an unprecedented debt burden on graduates and place college out of reach for many. This makes President Obama’s recent statement that college is “an economic imperative that every family in America should be able to afford” an especially urgent message.
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