The History of Student Loans in the United States
Peoples & Things
00:00
The Failed Response to Sputnik
The G.I. Bill made it less accessible to other folks who didn't get the stipend, he says. He points out that most American families cannot afford to send their kids to college. The average cost of college is about $7,000 a year at the time, and that is more than half of what people are making in today's economy. "It puts that all into perspective"
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