"The issue is whether universities are 331% better than they were in 1991. If they aren't they are jacking up costs because they know student loans will go up to meet every increase."
Yes - that is exactly what is happening. And it is not going into actual learning - it is going into leisure facilities, better dorms (dorms at my U didn't have AC and were little better than a 10x10 holding cell with communal showers, etc. That no longer exists - and it did not raise the amount you learn at all.
"The reason students have six-figure debt today isn't because they made bad decisions. "
Yes, it is. Go to a 2 year community college and final 2 for the degree to save money. Work during school. Don't buy the meal plan or live on campus. Work a part time job while in school. Over 4 years, they will get $24K in Pell grants alone. Finish in 4 years - don't take 5. I didn't go to college 30 years ago like you. I went more recently and I received zero help from my parents. I finished my 4 year with zero debt and took on $20K debt total during my 2 year masters program where the starting salary was in excess of $100,000. My student loans were paid off within 2 years.
"Unless you think graduating from a top college and getting an advanced degree is a bad decision."
Depends what the advanced degree is in. Swalwell has a law degree, is 38, and have over $100,000 in student loans. That is irresponsible.
"The debt tsunami is a big deal. I could see it coming when my kids were little so I joined Florida Prepaid 10 years before the first of them was college age. I didn't want them graduating with so much debt it hindered their careers and finances into their late thirties.
#386 | POSTED BY RCADE"
Illinois has the same thing - those Illinois people will get their money stolen.