It is no secret that over the past few decades, the cost of attending College in America has increased drastically to the point where middle class Americans have no choice but to borrow inordinate sums of money if they want to finish their education. This is saddling millennials with debt that they will spend much of their lives paying off. This fact is made even more pertinent to the national political discussion upon the recent revelation that the Class of 2014 is the most indebted graduating class ever.
According to the Wall Street Journal “The average Class of 2014 graduate with student-loan debt has to pay back some $33,000…Even after adjusting for inflation that’s nearly double the amount borrowers had to pay back 20 years ago.”
These high costs don’t have to be the case, recently the College Republican National Committee highlighted initiatives taken by former Gov. Mitch Daniels who is now President of Perdue University in a blog post detailing how he has approached running the school like a business, cutting blatantly unnecessary expenses and increasing other non-student revenue streams.
Similarly, Wisconsin Governor Scott Walker has implemented a freeze on state school tuition for the last two years that even his Democratic opponent and liberal students seem supportive of.
Upon examination of these rising costs, it is clear that conservative lawmakers should champion lower tuition. Not only is it right to implement fiscal sanity and lower the number of indebted graduates, but it can be a winning cause for a Republican Party looking for an issue they can engage young voters with.