NEW YORK — (NEW YORK) -- For Haley Reyes, there were two questions looming over her senior year in high school at the Urban Assembly New York Harbor School in Manhattan.
Second, was how she’d pay for it without going into crushing debt.
The answer for most of them will still be debt, adding to the already eye-popping $1.6 trillion owed to the Education Department -- a number that is triple what it was 15 years ago, according to the government, and has turned the federal agency into a major U.S. bank. “That doesn't happen really in anything else that you buy: a house, a car, nothing else, you always have at least some idea. A college education? For the most part, you really just don't know,” he said.In an interview with ABC News, Cardona said he believes higher education remains a great “equalizer.” Graduates of four-year universities still outearn their peers with only a high school degree and are less likely to face unemployment.
Democrats, on the other hand, point to years of disinvestment in higher education during the Reagan administration and by state governments that pushed costs back onto students. Reyes’ close friend, Trinity Jennings-Pagan, whose dream school is Harvard, says it’s not fair for politicians to push lower-income high school students toward trade schools or community college that might be less expensive but not be a good fit.
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