But the much bigger question is why young people and their families have to borrow so much money to begin with. Compared with the 400 percent increase in tuition and fees over the last quarter century, the interest rate debate in Congress is a sideshow.
States and universities need to think big, embrace more technology and redesign the traditional classroom to help control expenses on the front end of a college degree.
Wisconsin just froze University of Wisconsin System tuition for the coming two years. That’s a welcome change, though fees and room-and-board rates will still go up.
The governor had proposed a large increase in state aid for universities. State lawmakers canceled the boost after learning UW System had $650 million in reserves it could tap instead.