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College graduates around the country are facing staggering levels of debt, even into the six figure range. A tough job market doesn't help, but the main culprit is rising tuition costs.
The University of Vermont (UVT) has proposed a 5.8 percent tuition increase, which would make it even more difficult for students who are struggling to find a job after graduation to pay back their loans.
The Vermont Cynic asks the obvious question that seems to have eluded the college administrators responsible for this proposal -- where exactly is the money going that requires this increase?
"We assume it goes to professors' salaries, building maintenance, transportation, housing, but in what percentages? How much of your money is going to your favorite English professor [or] the custodian who cleaned the vomit off your floor?
"The answer is: We don't know.
"There is no easily accessible and comprehensive breakdown of where students' money goes. The only method of tracking your money is through students' credits and their room and board. Everything else is rather hazy."
The promoted school programs - from speakers, to sporting events, to meals - are presented to students as if they are a gift from a generous university, when actually they are paid for with a combination of tuition and mandatory student activities fees.