Detailed text transcripts for TV channel - FOXNEWS - 20120426:11:46:00
University, what's to stop you from raising your tuition every year? this is just a symptom of the larger problem. and that's rising tuition rates. and that affects everybody. now, student loan debt has actually surpassed credit card debt in this country. a lot of people don't know that. >> since 2000 it was 202.9 billion, 2005, $391 billion. by 2011, $848 billion. now, here's the thing. there's also an increase in the federal loans that students are taking out as opposed to private loans. >> that's right. >> that means they can default on those, right? who pays for that? >> think about it. in...
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