KNOWLES: Student Loan Forgiveness Is Welfare For The Rich

Just one-third of Americans graduate from college. According to the College Board, the average price of tuition and fees per year comes out to $9,970 for state residents and $25,620 for out-of-state residents at public colleges and $34,740 at private colleges. At the nation’s top universities, tuition and fees can exceed $55,000 per year. None of those prices take into account additional expenses such as room, board, and books.