Despite everything that has happened in the economy, college still holds a strong attraction for most of today's young adults. There could be many possible reasons for this continued interest in education.
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.
Tom Tancredo, a former Republican Congressman from Colorado, has placed ads in Metro State University's newspaper seeking plaintiffs for a lawsuit seeking damages from the University's decision to offer undocumented students a reduced tuition rate.
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.
There has been a political meme making the rounds for decades that Texas also has undue influence over the policies and economy of the rest of the nation, which begs the question: How can we be such bumpkins and also control America's destiny?