Obama warns colleges: Rein in tuition or risk aid

<p>I was a financial aid officer in an overworked, understaffed office … and I made less than $40k per year. Clearly, not all college workers are overpaid. </p>

<p>This struck me: “If students are having to pay more, then financial aid and state appropriations budgets must be inadequate.” As we see so often on this forum, students do not necessarily “have” to pay more … they CHOOSE to pay more. Too many have less expensive options, but borrow to pay for what they cannot comfortably afford. Not only do schools need to rein in costs, but students/parents need to start saying NO to excessive borrowing. Basic economics.</p>