Why should middle-class students pay more for loans than is absolutely necessary, all the while padding the government's coffers and enabling state universities to build facilities that the students will only get to use for four years?
Paying thousands of dollars a semester to cram into a crowded lecture hall with a thousand other to receive the distilled knowledge of a tenured professor doesn't make much sense when the same lectures can be accessed online.
The hyper-inflation of tuition is well documented. By any measure, the cost of college attendance has increased dramatically. Higher education tends to be debt financed. The student loan bubble may well be like the subprime mortgage bubble -- only worse.
There have been times when I have failed to realize the true privilege of choice. Attending college, let alone choosing between multiple colleges, is an opportunity that many teens will never experience.
Now it's two months after graduation. I have an Ivy League master's degree, but I certainly don't feel $60,000 smarter. In fact, I feel a bit like I've snapped out of the piper's trance, only after stepping off the cliff.
There is neither a single nor a simple reason for the exploding cost of college. Quality higher education has always been relatively expensive. In fact, it is often more costly to deliver than what is paid by tuition.
As our country faces the economic, social, cultural, and global challenges of the 21st century, the way to keep the American dream within our grasp is to provide more, not less, access to higher education.