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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm just going to be a grumpy old lady for a minute here, but I'd like to point out that "back in my day" ( before student loans were widely available), if you couldn't afford to pay for it, you didn't go.  I graduated with a ton of smart people who went to SUNY schools, because even though they were accepted at Ivy's and such, if the money wasn't there, it wasn't there.  I guess the loan availability has changed the expectations, but I find that unfortunate. [/quote]

Of course, back in the day, college didn't cost 130% of the average household salary either.[/quote]

That's exactly it.  The loosening of the standards for loans in the mid-90's meant that colleges were free to raise tuition, because the students could get loans to pay for it.   It raised the cost for everyone.   I think it also created this mentality that if you can get into a desirable college, that of course you should go, because you can get a loan to pay for it.   The 18 year olds signing up for this weren't thinking about what it would take to pay back these loans down the road, when they were thinking about getting married, buying a house, starting a family.

The intention of the student loan program was to allow everyone to go to college.  The unintentional consequence was the increase in cost for everyone, and teenagers mortgaging their future without fully understanding the burden they'd be facing later.[/quote]

This the truth. Back in the day middle class and upper middle class families could afford private colleges with a few loans. Now the debt load to cover these VERY overpriced undergraduate educations is way too high. [/quote]

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