Once again there is an expectation that someone is supposed to ride in and rescue people from the consequences of their choices. This article is silent about which colleges the young lady with $150,000 of debt attended. Were they the best value? Also, did her family not help at all? What kind of housing choices did she make? Did she work part time? Did she work summers? Why are taxpayers supposed to bail her out now?
And don’t even get me started on the way that colleges have ratcheted up their tuition rates above inflation whenever financial aid from the government increased. Talk about a conspiracy worthy of the Occupy movement. Why isn’t there an Occupy Education or Occupy University movement? They are the ones trying to make this generation a bunch of debt slaves.
RE: Were they the best value?
We had a whole thread at FR showing the Top Value Colleges in the Country.
See here:
http://www.freerepublic.com/focus/f-chat/2718908/posts
PROBLEM IS, Most people don’t even consider many of these colleges.
They’d rather pay above $50,000/year for the glamour of going to NYU or Columbia or (name your own expensive preppie college here ).