Student Pays Tuition In Cash
A student at the University of Colorado decided to make a point about how expensive college is by paying his $14,000 tuition in cash. According to a story on Salon.com, after going to six banks, Nic Ramos walked in to pay his tuition with a 33 pound bag full of one dollar bills. He joked, “It’s not often you get to walk out of a bank with a suitcase full of cash.” The university staff, who had to count the money, saw the humor in the end but asked him not pay in cash again.
In an interview with CBS news, UC Regent Michael Carrigan said, “We know that tuition is expensive, but it’s an investment in one’s future.” He explained that while tuition is expensive, the burden of the cost actually falls on the state. The school has made extensive cuts, $50 million in the past few years. Even so, the school had to raise tuition 5 percent last year, and predicts an increase of up to 9 percent this coming year. “The state of Colorado needs to step up, because we are now 49th in the nation for funding higher education” Carrigan continued. “The more the legislature cuts, the more we have to turn to students and their families.”
The student, Nic Ramos, explains more in his Skype video on CNN
February 1st, 2011 at 10:21 pm
Great job on your first post. You did a good job linking to and citing news stories. AP style point: percent is spelled out.