We’ve hit The Tipping Point for Higher Education, writes Maya Frost.
. . . student debt loads have become so obscene that $100,000 in loans now seems like a pretty good deal. (Or at least, that’s what university officials say to reassure us.)
Students and parents are suckers, she writes, if they “spend the next two decades in debt for a bachelor’s degree that barely guarantees them a living wage.”
Whether college is worth the cost depends on the kind and quality of the degree: Technical skills tend to pay off, so do degrees from prestige institutions. And savvy students who go to public institutions may graduate without crippling debt. But I wonder how much longer people will burden themselves with huge loans for a Whatever Studies degree from Mediocre College.