Suddenly, I feel a little better about my student loan debt. $500,000? Ouch... but, the point remains: they need to do something about this. As economic conditions continue to deteriorate, universities will be forced to raise tuition to cover the shortfall, passing on the debt to the students themselves. In other words, it's getting harder to go to college. I'm not going to argue that it should be free- though given the fact that a college degree is supposed to be the ticket to an economically productive job of some kind, making it free should be considered. (People getting a good job and a college education being good for the economy as a whole.)
But-- not having a college degree doesn't seem to get you much anymore. (Of course, these days having one doesn't seem to help either.)
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