I've fought this battle on HN before and nobody wants to believe that college isn't any more expensive than it previously was, so I'll leave this here -- but do a bit of research and you'll be surprised.
Since everyone seems to be downvoting this point, here's the inflation-adjusted cost per student in California from 1987 - 2013:
It actually costs about $2,500 less per student today than it did in the late 80's -- yet during the same time, tuition has increased by upwards of 5x. That delta used to be carried by taxpayers but has been shifted to tuition.
Where in the world did you get this idea? College if three (3) times more expensive than it was 40 years ago:
> but do a bit of research and you'll be surprised.
Seemingly nobody understands, or wants to understand this point.. College used to be an investment made by the working class in the youth paid for via taxes (state expenditures >> tuition), it's now flipped to an investment made by 18-year olds in their own careers (tuition >> state expenditures) -- Both approaches have their own merits, but focusing on cutting the cost of education misses the forest for the trees when those costs haven't increased over time.
So it looks like the cost of college is yet another burden the boomers have placed on our doorstep (and even more, the doorstep of those younger than me). I'm skeptical that saddling 18-year-olds with mounds of irrevocable debt has any merits to speak of, but am curious what argument could be made in that direction.
I don't buy that line of thinking at all, but some surely do.