Detailed text transcripts for TV channel - FOXNEWS - 20120403:23:42:00
And the reason is simple. tuition is going up and up and up. up 6% for state schools last year alone, shep? >> shepard: and this is bad news for the economic recovery? >> well, eight out of 10 of these loans are funded by the federal government. every time somebody defaults on one of these loans t impacts our deficit. straight increase to our national deficit. had t. hits taxpayers. when people are in school they don't spend like they would if they were starting a family, having kids, buying a home. that hits us as well. shep? >> shepard: gerri willis live in new york. gerri, thank you. news c...
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