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As troubling as rising student loan debt – the impact of budget cuts on NC universities (Video)

President Barack Obama spent Tuesday afternoon in North Carolina speaking out against the rising cost of college tuition and making the case for Congress to keep student loans affordable.

But what was left unsaid in much of the coverage of the presidential visit was how the UNC system has been impacted by the $414 million budget cut approved by state legislators last summer.

In a recent interview on N.C. Policy Watch’s News & Views,  N.C. State University Chancellor Randy Woodson offered a very candid assessment of how the research university has struggled to balance the cuts while offering a world-class education:

“The academic core of the university is stretched to the limit,” said Woodson.

Click below to hear how budget cuts are also affecting the university’s ability to retain faculty and staff. To listen to the full interview, visit the Radio Interview section of the N.C. Policy Watch website.

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2 Comments

  1. Merchant Account

    April 25, 2012 at 6:51 pm

    Student debt has not always grown at its current very fast rate. In fact, this is a fairly recent phenomenon. Until 2004, student debt grew very much in step with the rest of the household debt. However, the rise of college costs began to outpace the growth of the median household income much earlier than that. More alarmingly, the gap between the two has been growing wider at an accelerating rate. You can see charts illustrating both of these trends here: http://blog.unibulmerchantservices.com/student-debt-is-growing-at-an-accelerating-rate-and-other-facts.

  2. Rocker Jonshon

    April 30, 2012 at 3:44 am

    good article on Student Loans Are a Toxic Debt
    http://www.policymic.com/articles/2186/student-loans-are-a-toxic-debt