Consider the following, from the University of North Carolina at Chapel Hill’s Office of Institutional Research and Assessment:
Since 2003, the number of students taking out loans has increased by nearly 47 percent. The total debt accumulated by borrowers has increased by over 40 percent since the same year.
And the total cost of attendance is now 17.6 percent of the median family income of a Carolina student, compared with 11 percent in 1995.