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I think the writer is, as is just about everyone in the media, parent groups, prospective students and in finance, way understating the case.

Here is from an article from 2005, ten years ago, prior to the current federal takeover of the loan and aid program.

This is about Baylor, a typical, expensive private college:

‘...In fact, some of the alumni coming back this year were paying as low as 2.5 percent of current tuition.

According to the registrar’s records, students who graduated in 1955 were paying $9 per semester hour and the class of 1980 paid approximately $70 per semester hour.

Students today are shelling out $635 per hour, according to an average of 15 hours a semester...’
http://www.baylor.edu/lariatarchives/news.php?action=story&story=37555

At State U NY Stony Brook, In state tuition and expenses is yearly $24,000

In 1980 it was $2,500 yearly.

Parents had better wise up.

Kids are not equipped to make decisions incurring debt like this.

Already the repercussions are devastating.

My daughter qualifies for a full out of state tuition scholarship to University of Alabama. We are seriously considering it, and will will be visiting the campus soon. We already have one in college and my daughter is a twin. Next year, we will have twins in college.

The bigger problem is that they are ripping you off. (If you are paying for a kid in college). I picked up a book on Humanaties that someone left lying about at work. This book was written at the 8th grade level at best. So I figured that it belonged to somone's jr. high schooler. It was calimed by an adult as a college text. You don't even want to see the lies in Common core and History books!

It's a good thing robots and computers will be doing most of the work in the future.