Cost Is Big Student Consideration: SUNY Purchase Pres.

'Value Proposition' of Degree Is Challenge for Higher Ed: SUNY Purchase President Description: The costs of a four-year college degree continue to rise, with an average of about $60K for private and $26k for public university. As student loan defaults topped 9 million in June, parents and students are looking at every option to make college more affordable. Bloomberg's Scarlet Fu went to the campus of SUNY Purchase in New York's Westchester County to speak with the University's President Michael Steiper to see how affordability concerns are impacting campus.