Here’s a good article on higher ed costs in South Carolina. USC vice president for student affairs Dennis Pruitt points out that the system that took a hit was already quite a shaky one:
People who were counting on using their retirement funds to pay for school, in many cases those have dried up. Many people use credit cards, but now their limits and interest rates might be a lot different than they were five years ago. And there just aren’t as many private lenders out there now as there used to be, so a lot of the traditional sources are drying up and making it more difficult.”
