Klobuchar Statement on College Cost Report

Klobuchar Statement on College Cost Report
Wednesday, 25 October 2006

Report Reveals Minnesota College Costs Increased More Than National Averages

U.S. Senate candidate Amy Klobuchar released the following statement regarding the recent report by the College Board on the annual increase in college costs:

"This report shows once again that Minnesota families are among the hardest hit with rising college costs. At the same time, my opponent and the Bush administration have made it even harder for families and students with the largest cuts to student loans in history. My plan to make college affordable includes a $10,000 annual tax deduction for tuition and books or a tax credit of $3,000 - whichever helps more."

The College Board's annual report, "Trends in College Pricing," revealed that college costs in Minnesota are rising faster than national averages. Nationally, college costs at public four-year colleges rose 6.3% from the previous academic year. However, in Minnesota tuition and fees at public four-year colleges rose 8% from the previous academic year. The national average cost of attending a four-year public institution is $5,836, compared with $7,495 in Minnesota. In all, college costs have gone up 81% in the last seven years at the University of Minnesota. Earlier this year, Congressman Kennedy voted for the largest student loan cuts in history. [1]

[1] College Board, Trends in College Pricing, 2006; Vote#4, 2/1/06; NEA Legislative Action Center; Star Tribune, 2/4/05

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