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\\Let the bubble pop. It may hurt more now, but it will be the best option in the long run. Throwing money at the problem or absolving debt will only kick the can down the road.
People need to learn that not only is college not always necessary, but neither is a loan to pay for it. It is entirely possible to pay tuition out of pocket by working for it and/or applying for every scholarship and grant available.
Let it pop.
Back in 1952, a full year of tuition...was only $600. Today, it is over $35,000.
As I have written about previously, college has become a giant money making scam and the victims of the scam are our young people.
Back in 1952, a full year of tuition at Harvard was only $600.
Today, it is over $35,000.
Why does college have to cost so much?
At every turn our young people are being ripped off.
For example, the cost of college textbooks has tripled over the past decade.
Has it suddenly become a lot more expensive to print books?
Of course not.
The truth is that an entire industry saw an opportunity to gouge students and they went for it.