Bernie Sanders wants to make public colleges tuition free. Plenty of people think that's wacko left. They ask where he plans to get the money to pay for it. But then along comes Senator Warren with a more expensive bill that would make public college debt-free for everyone. Both bills would mark a sharp turn away from debt as the main way to pay for college.
The college tuition system is the most socialized sector within our capitalized economy; this is why it's completely disconnected from rational market forces and makes no logical sense. So, if you're wondering why college costs are out of control, ask Karl Marx why idealism has yet to trump reality.
It's true that one of the hardest places to be is right before a decision. Options to weigh, pros and cons to think about and discuss, research to do and connections to make can be a few of the mind queries before a decision is made. Before a decision is made about which college to attend, several variables should be carefully reviewed
There are a handful of colleges -- largely research universities and the most selective private liberal arts colleges -- that have the endowment, diversity of funding sources, and enrollment brand strength to wait out or even ignore the looming higher education financial crisis. But these are few in number.
A large percentage of college kids have not been taught to properly use credit. There are a few reasons for this. It could be that the parents don't understand it completely, so they pass on really bad habits. It could be that they just ignored the conversation at home. Here's why I think giving a college student a credit card is a bad idea.