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For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

The whole student loan thing drives me completely nuts. If it wasn't possible for 18-year-olds to sign themselves up for tens of thousands of dollars in debt in order to pay their college bills, the state governments wouldn't have found it so politically easy to cut taxpayer support for public colleges and universities.

We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.

By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.

By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing.

Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.

College gives people learning and also takes away future opportunities by loading the next generation down with debt.

Borrowing to pay for college used to be the exception; now it's the rule.

The new American dream is one of responsibility. What is the bottom-line number that you're going to be able to pay back toward a student loan responsibly if you're doing it yourself after you have a job? That dictates the amount of money you can borrow. That dictates the school you can go to, if you can even go to a four-year college at all.