The Cost of Higher Education

Higher education is living up to its billing, literally. The cost of going to college has long been on the rise in this country. Now a new report tallies the tag for students at schools in New England.

The Massachusetts Institute for a New Commonwealth, or MassINC, finds that since 1992, the price has risen by 33 percent of family income for a student at a private college, and by 21 percent at a public university.

Add to that the ensuing surge in student debt: it's up 49 percent for graduates from private institutions and 39 percent for those in the public system.

Bob Oakes speasks with MassINC President Ian Bowles on the cost of higher education.