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$1 TRILLION AND COUNTING.
THAT IS THE AMOUNT OF STUDENT
LOAN DEBT IN AMERICA.
THIS WEEK IN A KCRA 3
SERIES, WE
ARE TAKING A LOOK AT THE
COLLEGIATE SYSTEM, AND CRITICS
SAY IT IS HAVING AN IMPACT ON
STUDENTS FOR YEARS TO COME.
YES, WE BEGAN WITH A LOOK AT
THREE PEOPLE.
AT EDIE LAMBERT REPORTS, EACH OF
THEM IS KNEELING WITH THEIR OWN
EXPECTATIONS AND CHALLENGES.
-- EACH
OF THEM IS DEALING WITH
THEIR OWN EXPECTATIONS AND
CHALLENGES.
PROVIDING YOU THE TOOLS TO
MEET THESE CHALLENGES.
FOR THESE GRADUATES
AT
SACRAMENTO'S JOHN F. KENNEDY
HIGH SCHOOL.
EXACTLY AS WE WERE INTENDED
TO EXPERIENCE IT, ONE AT A TIME.
FOR VALEDICTORIAN DANIELLE
QUAN, AFTER FOUR YEARS OF HARD
WORK --
ENCOURAGED TO BE OUR BEST.
SHE HAS LEFT FOR CARNEGIE
MELLON UNIVERSITY, WHERE SHE IS
MAJORING IN MECHANICAL
ENGINEERING.
BACK IN ELEMENTARY SCHOOL, I
HAD HEARD ABOUT THE WORK THEY
WERE DOING IN COMPUTER SCIENCE,
AND IT WAS A PRETTY PRESTIGIOUS
SCHOOL.
CHRISTY JUST AND PRICEY.
THE ANNUAL COST INCLUDING
HOUSING, TUITION, AND FEES AT
CARNEGIE MELLON IS NEARLY
$64,000 PER YEAR.
I CANNOT SAY
NO.
PRIVATE SCHOLARSHIPS AND
FINANCIAL AID BROUGHT THAT
SCHOLAR -- THAT
PRICE DOWN.
BUT DANIELLE'S FAMILY STILL HAD
TO DO THE DEEP IN THEIR POCKETS.
WE ARE CASHING
IN OUR SAVINGS
JUST TO ALLOW HER THE
OPPORTUNITY TO GO.
AND DANIELLE AND HER
CLASSMATES ARE JUST GETTING
THEIR JOURNEY WITH HIGHER
EDUCATION.
ACROSS TOWN, MORE THAN 40 800
STUDENTS GRADUATED FROM
SACRAMENTO STATE THIS SPRING.
AT A PRIVATE
SCHOOL, THE ANNUAL
COST IS STILL ABOUT $24,000 FOR
IN-STATE STUDENTS.
MANY OF THESE GRADUATES WILL BE
TAKING WITH THEM MORE THAN JUST
A DEGREE AND THEIR MEMORIES OF
THEIR COLLEGE YEARS.
THE AVERAGE STUDENT CARRIES MORE
THAN $17,000 IN STUDENT LOANS.
FOR TOMISHA RADER, A HIGHER
EDUCATION COMES WITH A PRICE
TAG.
A
LOAN, HOPEFULLY.
SHE IS ON TRACK TO GRADUATE
NEXT YEAR WITH A BACHELORS
DEGREE IN PSYCHOLOGY.
SHE ALREADY HAS A JOB LINED UP
AS A SOCIAL WORKER.
THEY WERE LIKE, OK, YOU CAN
COME BACK.
AND SHE NEEDS THAT JOB
BECAUSE SHE WILL HAVE TO START
PAYING BACK THOSE LOANS SIX
MONTHS AFTER GRADUATION.
AND THERE IS RUBEN
OMEGA.
13 YEARS AGO, HE GRADUATED
FROM
UC BERKELEY WITH A DEGREE IN
CHEMICAL ENGINEERING.
BECAUSE I REALLY WAS NOT
THINKING ABOUT IT.
IT DID NOT EVEN,
TO JUST A FEW
YEARS AGO.
NOW MARRIED WITH TWO CHILDREN
AND AN UPSIDE DOWN MORTGAGE, HE
IS STILL PAYING OFF THE STUDENT
LOAN, WHICH OVER THE YEARS HAS
BALLOONED WITH INTEREST.
IT IS MY RESPONSIBILITY TO
PAY IT OFF, SO REALLY, THE
QUESTION IS, HOW AM I GOING TO
PAY THIS OFF, IT
AND I AM A
LITTLE SAD ABOUT THE DECISION I
MADE.
INCREASING STUDENT LOANS AND
SEVEN FOR YEARS, THE PRICE OF
CHASING PAPER AND AT THE ROOT OF
THE COLLEGE CRISIS.
SHE WILL HAVE HER SHARE OF
LOANS, AND WE WILL PROBABLY HAVE
OUR SHARE, TOO.
TONIGHT AT 10:00
AND 11:00,
WE WILL TAKE A LOOK AT SOME OF