Increasing numbers of students are not able to pay their college bills; many are being forced to drop out. As recently reported in U.S. News & World Report, sixty five percent of college registrars surveyed have noticed an increase in unpaid tuition bills this year. Some schools, including Spelman College, have almost a quarter of their student body in this situation.
Obviously, the bad economy is largely to blame, but poor college financial planning is also at work here.
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