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What Voltage, and vannrox and Henderson Field and capriole and Buchholz said!

Another possible factor in the increasing college loan debt "crisis" is that parents can no longer afford to foot the bill for their child's tuition. Therefore, students wishing to go to college are taking out loans. Why can't parents foot the bill? They are overtaxed. Why are student loan defaults a problem? Because, somehow, some loan recipients forgot it was a loan. It was an entitlement.

Right now, the universities are at a supply and demand advantage, as my esteemed posters preceeding me have said. You MUST have a college degree to get anywhere. Yet, a college degree means nothing. Sort of like how having an American Express card used to be prestigious. NOW, you have to have the platinum krypton titanium American Express card, because EVERYBODY can get an American Express card.

We put our son through college, sans student loans. Couldn't do it today. Tough option today for responsible parents who want to provide for their children, and not encourage them to encur the debt themselves, at taxpayer expense. The price tag for a college education is a rip off, and a shell game.

I am reminded of what a friend of mine said. He was going to college to get a degree as a pharmacist. This was back in the 50's. He was poor and barely able to pay the costs. The required classes included many which he felt were completely unnecessary, and so he had 'developed' a plan to reduce the program from 4 years to 3. Fortunately he didn't present it to the Dean, as shortly thereafter the Dean presented a plan to increase the program from it's current 4 years to a new 5 years!

The Dean's plan benefited the college! What a surprise!