1 year, 1 month ago by Denise Donley
President adds student debt is high concern
College isn’t cheap, and some parents and students struggle to pay for higher education.
Dr. Anthony Allen, President of Hannibal LaGrange University said the university often discusses how the school is going to continue to provide the level of access of education to students when public education costs are increasing.
“As a private institution, we’re faced with the real critical issue of trying to educate students affordably, getting them the high quality education that they expect while not being able to enjoy all the benefits many of our state schools have in terms of public support.”
Allen added he is greatly concerned with student debt.
“While taking student loans and/or receiving grants to help fund your education I think is good, I also try to caution them to be careful about taking those student loans out,” said Allen. “Once you graduate and go into the workforce, you’re stuck with a significant amount of debt. I think we’re going to have to look at more creative ways of funding higher education.”
Schools and universities are underfunded, and Allen stated they are going to have to provide for the students themselves in ways.
“We’re going to have to work hard to provide scholarships to students. Every institution is going to have to think about providing endowments. Unfortunately, in years to come, there are going to be many schools that no longer exist because they can’t financially make that model work for them.”
For this full interview, visit wtad.com.