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Association of Private Sector Colleges & Universities CEO Steve Gunderson on the rising costs of a college education.
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-- students graduating from college this week -- saddled with massive debt there is a lot of blame placed on the soaring costs of private sector schools but my next guest says they play a central role joining me now is Steve cumbersome president and CEO the association a private colleges and universities -- thank you for being here.
I'm you have to agree though that student loan debt is of.
Huge issue in this country -- -- huge issue I think the issue of the next decade as -- the access to post secondary education and training in this country how do we fund you can't do it just through title -- -- federal funds from you have to find new ways.
It gives young people and adults an opportunity to get an education how much it costs gone up for private schools as opposed to the public sector.
Well with the private schools have actually held there increase down because we've always been.
So we haven't been dependent on the public subsidies -- with the state budgets and everything else being cut back.
The public colleges and universities have had -- increase their tuition because they didn't have any other money.
Yes -- latest survey SO was 72% for the state schools 29% for the private -- -- -- pretty impressive.
-- OK get out of school we have an undergraduate degree ready to hit the business world become find a job and you got a 100000 in college debt.
How do you get around that.
-- you don't get Iran and dirty got the debt out the way you get around -- prevent future in the and one of the things that I think we all are recognizing we need to do.
If we need to have -- good education liberal arts or whatever it is.
We also need to have the skills.
The professional skills that allow us to take that.
Thinking ability that learning ability.
Into a specific trade or occupation so we can actually get a job -- it allegedly graduated with liberal -- sorrows we were talking earlier about degree in French poetry.
-- -- -- I'm I'm living proof I graduated from the University of Wisconsin liberal arts.
Degree what they do I went to broadcasting school and a private college to learn how to talk.
Who was filling out unseat house and -- being in the in the private sector well it's been -- and everybody right now because window when there's a recession.
Normally goes up but -- are sustained recession young people say.
I'm not sure the return on the investment is worth -- so they slow down.
So everybody has seen a slow down right now he will pick up but it not -- -- one.
Steve Gunderson I would private -- colleges and universities the presidency I think it's such tightening hit -- went before.
