“If we go on this way for another 25years, we won’t have an affordable system of higher education,” says Patrick M. Callan, president of the center. “The middle class families have been financing it through debt. They will send kids to college whatever it takes, even if that means a huge amount of debt.”
Financial aid administrators have been having a hard time as many companies decide that student loans are not profitable enough and have stopped making them. The good news, however, is that federal loans account for about three quarters of student borrowing, and the government says that money will flow uninterrupted.
1. According to Paragraph 1, why did the plan of Jacobs family fail?
A. The twins wasted too much money.
B. The father was out of work.
C. Their saving ran out.
D. The family fell apart.
2. How did the Jacobs manage to solve their problem?
A. They asked their kids to come home.
B. They borrowed $20,000 from the school.
C. They encouraged their twin sons to do part-time jobs.
D. They got help from the school and the federal government.
3. Financial aid administrators believe that _______.
A. more families will face the same problem as the Jacobses
B. the government will receive more letters of complaint
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