At a time when student loan debt exceeds $1 trillion and the cost of college continues to climb to new heights -- outpacing any other goods or services in the U.S. economy -- a new documentary asks the question: Is it worth it?
“Tuition has risen since 1978 by 1,120 percent, and during that same period state funding for colleges has declined by 40 percent,” filmmaker Andrew Rossi told “Power Players.”
Rossi’s film “Ivory Tower” traces the ballooning price tag for a college education to a shift in the national political and cultural mindset, by which college has come to be viewed as a private good, rather than a public one.
“In the ’60’s and ’70’s, conservative governors like Ronald Reagan argued, in Reagan's words exactly, that the states should not subsidize intellectual curiosity,” Rossi said. “There was a real shift in viewing higher [education] as a public good instead to a private good that is giving the graduate the opportunity to earn more money in their lifetimes;Read More »from Is college worth it? New documentary explores higher education costs and rising student debt