Is College Still Worth It? 6% to 8% loans when you can buy a car for 1%. DEBT, DEBT, DEBT when you get out of college.

http://www.alternet.org/books/college-still-worth-it?akid=12350.294211.XH2KRK&rd=1&src=newsletter1022787&t=11

 

WHEN DID American universities switch from being a national glory to a national problem? One likely year is 2010, when total student debt became larger than total credit card debt, and the dam burst on public frustration with endless tuition hikes and mushrooming loans. Around that time, after years of ambiguous fiscal messaging, public universities finally started to blame their bigger-than-ever tuition increases on bigger-than-ever state cuts to public funding. University managers observed that cuts created deficits that only high tuition could replace. This claim might have generated public support for restored public funding, but then came strike three. Major media reported that in spite of all the money they were paying for college, students were learning nearly nothing. High tuition, high debt, and “limited learning” — universities had struck out. The country entered a confused, conflicted higher ed policy period that shows no sign of ending.