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Wednesday, January 1, 2020

College Education: Overpriced Dreams and a Life of Debt

     Today, the cost of college tuition runs from $16,000 to $60,000 a year. And that's just the tuition. There is no such thing as a cheap college education. If colleges were car dealerships, the cheapest cars on the lot would be Cadillacs.

     The ridiculous cost of a college degree has resulted in 45 million Americans owing a collective debt of $1.6 trillion. It will take many of these college graduates decades to pay off these loans. In many cases, these graduates paid for a Cadillac and ended up with a Pinto.

     According to a recent Sallie Mae survey, 70 percent of parents say they want their children to go to the best school they can get into, regardless of price and affordability. 

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