Week 3 Assignment 1 - This article explains Senate Bill 3...

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This article explains Senate Bill 3, which Bill Ritter signed June 9 th 2010. This bill allows public colleges and universities to raise tuition 9 percent per year until 2016. Bill Ritter also signed a bill that allocates 35 million in funds to benefit higher education. The purpose of the bill was to allow more money for scholarships and financial aid. In June Colorado State University announced that would offer a tuition discount for undergraduate students that families earn less $57,000 a year. The Federal Pell Grant provides grants to mostly low income. There are many middle class students in need of assistance as well. Bill 1428 will direct more financial assistance to middle class –income students. Nora Caley 2010 Tuition Outlook : Who’ll pay, Who’ll save ColoradoBiz Aug2010, Vol. 37 Issue 8, p52-55, 4p January 24th 2012 In this article it describes compulsive buying amongst college aged students. This rate has been as high as 43.6% compared to rates of the general public at 5.8%. One factor to compulsive buying amongst college age students is their transition to financial independence.
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