The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
Sentiment: NEGATIVE
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.
When it comes to college education, American families are paying more and getting less.
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 is part of the American dream. It shouldn't be part of a financial nightmare for families.
When we make college more affordable, we make the American dream more achievable.
There's more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can't imagine they'll get it from these folks.
I now have two kids of my own in college, so I know how important it is that we keep the dream alive for every family and I share the concern about rising tuition costs.
More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt.
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.
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