Former Massachusetts Gov. Mitt Romney, his Republican challenger, argues the flood of federal student aid spending unleashed in recent years has led colleges to raise tuition prices. He wants to return to a system in which the government supports private lenders, arguing it's more cost-effective, and his campaign has called the income-based repayment program flawed.In Tuesday night's second presidential debate, Romney repeated an assertion he'd made previously that "50 percent of kids coming out of college (are) not able to get work." That is not accurate, though twice earlier in the debate he made an important qualification, indicating he was referring to graduates who couldn't get "college-level jobs." Figures analyzed by Northeastern University's Center for Labor Market studies last spring did find 53.6 percent of bachelor's degree holders under age 25 were either unemployed or working in positions that don't fully use their skills or knowledge.
Average Debt Up Again For New College Grads
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