. >> high school senior josh zambrano is looking through brochures for his dad. has set his sights on one school. >> me what i'm looking for happens to be at yale. >> wally zambrano and his wife have been stashing money away for his college education since he was a baby. it won't come close to covering $60,000 annual tradition and fees. >> it's ridiculous that it's gone up to that point. it makes it very difficult for a lower class or filled class student to get a good education. >> it also affects people trying to go to less expensive state schools. over the past five years costs have increased 30% at colleges across the u.s., driven in part by lower investments returns on endowments and shortfall of state tax revenues. >> more than two thirds of college students applied for financial aid last year. the director at the university of chicago is concerned about the debt. >> we tell students only borrow what you need and if you can get a job to pay for it, we recommend that. >> president chris long said many students are now opting for community college. >> all you

. >>> high school senior josh zambrano is looking at colleges with his dad but he has set his sights on just one school. >> what i am looking for happens to be at yale and that is why i am pursuing that. >> wally and his wife have been stashing away funds for their son's university since he was a baby but their savings won't come close to covering the $60,000 annual tuition and fees. >> it is ridiculous it has gone up to that point and makes it very difficult for the lower and middle class students to get a good education. >> the zambranos are not alone it. also affect people trying to to go less expensive state schools. over the last five years, tuitions and fees have increased by 30%, partly because of lower investment on endowments and shorter tax revenues. two-thirds of college students as a result applied for some type of financial aid last year. the student financial aid director at university of chicago is concerned about the debt students are shouldering. >> we tell students only borrow what you need and if you can get a job or second job to help fund that, we recommend that.