Originally Posted by momofboys:
Wow, when I graduated from college I paid all my student loans in FULL. I am not THAT old (just turned 40) & had all my loans paid off within 5 years of graduation. Personally I think this is the big problem with our country - wracking up debt like crazy - not being responsible for our debts. Since when is it okay to not pay your bills & who is making up the difference for what isn't paid??
This problem:
Here are three salient facts about tuition and fees. Over the last 30 years, the average sticker price at public and private American universities has accelerated upward. Since 1981 the list price level of tuition and fees has risen sixfold while the consumer price index has only increased two-and-a-half times. This fact is well-known, and it fuels much of the talk about a crisis in higher education.
http://www.forbes.com/2010/08/01/ris...archibald.html