FROM CNN's Jack Cafferty:
A dramatic change is underway at some of the nation's colleges and universities.
In an effort to attract more students and improve the financial bottom line, many institutions are cutting tuition or graduating students faster.
CNN Money reports that some private colleges are cutting tuition by more than 20%. Others are offering three-year degree programs, but that means fewer classes.
And some experts worry these fast-tracked degrees are a bad idea. That they shortchange students on learning critical skills like reading and writing.
Meanwhile it's no secret that the cost of attending college has skyrocketed with both tuition and room and board rising faster than the rate of inflation for years.
The average tuition at four-year private colleges now stands at nearly $29,000 a year. So the savings from finishing in three years instead of four ain't chump change.
It's estimated that total college student loan debt in this country tops $1 trillion. That kind of debt can force people to postpone buying homes. And that could slow the housing recovery.
Meanwhile a lot of these young graduates aren't buying homes because they're moving back in with mom and dad when they can't find jobs.
A recent pew poll shows nearly 30% of young adults between the ages of 25 and 34 are living in their parents' home. That's the highest level since the 1950s. And that number shoots up to 53% for those younger than 25.
Here’s my question to you: Is paying less tuition for a three-year college degree a good idea?
Interested to know which ones made it on air?
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