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State university budgets, students still taking financial hit

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LOS ANGELES, CA - APRIL 23:  Students walk across the campus of UCLA on April 23, 2012 in Los Angeles, California. According to reports, half of recent college graduates with bachelor's degrees are finding themselves underemployed or jobless.  (Photo by Kevork Djansezian/Getty Images)
Kevork Djansezian/Getty Images
LOS ANGELES, CA - APRIL 23: Students walk across the campus of UCLA on April 23, 2012 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)

Esme Deprez, national reporter for Bloomberg News and Bloomberg Businessweek, explains the impacts of higher education costs for students.

As other sectors of the economy show signs of recovery from the recession, spending on colleges is down, and states across the country are proposing even deeper cuts. Esme Deprez, national reporter for Bloomberg News and Bloomberg Businessweek, explains the impacts.

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