A Generation Hobbled by the Soaring Cost of College

“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.”

Don't obsess over the price, i.e. don't even ask.

The school really sold it. Easy to do when the customer doesn't even know what they're paying.

$120,000 debt, $900/month, on the front-end low-paying part of your career. That's astounding.

IF this model of school tuition and loans is going to stand, the payments have to be based on ability to pay, and allowed to go on as long as it takes. That may not be sustainable from the lender's side, but this is not sustainable from the borrower's side.

There should at least be a projectd cost breakdown and total of all things purchased, and life of the loan cost sheet to be explained and signed, before gaining admission that depends on a loan.

A more interesting question, for me, would be to know why the cost of a college (or university) education has grown so much in the last few decades.