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Paying for College
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Colleges and universities are sending high school seniors fat and thin envelopes this week. Now parents must figure out how they are going to pay for their children’s education. Adding up tuition, books, and room and board, for the 2003-2004 year the average private college cost $29,500. For many schools, this number was closer to $40,000. Costs are far outpacing inflation, especially at public universities.

Guests:

Anthony Brooks, he covers higher education for National Public Radio.

Ronald Ehrenberg, director, Cornell Higher Education Research Institute. He is also professor of Industrial and Labor Relations and Economics. He is the editor of “Governing Academia” and “American Universities: National Treasure or Endangered Species?”

Sandy Baum, professor of economics, Skidmore College. She has spoken before Congress on the cost of higher education. She is also a consultant to the College Board.

Bill Witbrodt, director of student financial services, Washington University in Saint Louis. He overseas $60 million in financial awards that go to 3,600 undergrads

Jack Beatty, On Point news analyst

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No campaigners celebrate as results come in at the Scottish independence referendum count at the Royal Highland Centre in Edinburgh,Scotland,Friday, Sept. 19, 2014. Scottish voters have rejected independence and decided that Scotland will remain part of the United Kingdom. The result announced early Friday was the one favored by Britain's political leaders, who had campaigned hard in recent weeks to convince Scottish voters to stay. It dashed many Scots' hopes of breaking free and building their own nation. (AP Photo/David Cheskin)

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