Quote

If you borrowed money and went to a college where the education didn't create any value, that is potentially a really big mistake.

Since most American students cannot simply pay their full tuition out of pocket, financing a college education often takes the form of loans, both private and from the government.

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.

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

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.

About two-thirds of bachelor's degree holders borrow to go to school, and on average they're graduating with more than $26,000 in debt.

You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.

While there are many obstacles that deter students from going to college, finances by no means should be the deciding factor.

There's no constitutional right for your parents to pay for college.

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.