SocietyHow Americans Are Handling the Cost of College

The price of a four-year college degree keeps climbing, averaging about $60,000 at private universities and $26,000 at public ones. With student-loan defaults surpassing 9 million in June, families are considering different ways to make college more affordable. Bloomberg’s Scarlet Fu spoke with students, parents and the president of SUNY Purchase in New York’s Westchester County about how they are approaching the cost.