American Morning

The Cost of College: Families placing premium on value

(CNN) – With college costs skyrocketing and a recession raging, it's not just about getting in to the best school these days. For many students and their cash-strapped parents, prestige is taking a back seat to price. Our Alina Cho reports for the first part of a week-long series, "The Cost of College."

Program Note: Tomorrow on American Morning, in part 2 of "The Cost of College," our Alina Cho profiles a young man who turned down a scholarship at one university to attend a more expensive and prestigious school. He says that decision left him buried in debt that will take decades to pay off.