$29,000 isn’t much more than the average price of a new car. Looked at that way, it’s not insurmountable.
The easy credit available to college-age students with little experience in handling debt - part of which is their parents fault - and the accompanying explosion of college costs that soak up as much debt as the students can borrow - with no explicable benefit, lies at the heart of the problem. Degrees in areas for which there’s little to no demand play a role. A liberal arts degree, even if what passes for one today actually educated the student, is useless in the marketplace. And the mantra of “everyone must get a college education”, coupled with the relaxation of aptitude in the name of diversity, only cheapens a degree further.
And, what percentage of the students hoisting that debt at the end of 4 or 5 or 6 years ever considered looking for a part-time job to mitigate the invoice at matriculation?
“We don’t know anything about that.” Wasn’t that the same load Obama was pushing yesterday about Benghazi whistleblowers being threatened by State and CIA bosses?