confronting cost
Massachusetts is a national leader when it comes to education, but its public colleges have long been treated as second-class institutions, operating in the shadows of top-notch private schools. Declining state support has some experts wondering whether Massachusetts can still afford to support four public universities.
Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh have partnered to launch a program that makes public college tuition-free for low-income Boston residents. Boston joins Tennessee, New York and Rhode Island in pushing for free college, but affordability advocates wonder how many students will benefit from the plan.
Household debt in the U.S. has reached a new peak north of $12.7 trillion, according to a new report by the Federal Reserve Bank of New York. Student loans account for more than 10 percent of that debt.