Wow! $500,000... I suppose that is part of being in a capitalist economy. The universities can charge whatever people are willing to pay. It used to be in my native country only 4% of the population attended university/ higher education and it was almost free tuition. But entrance was based on ability. Degrees actually meant something.
These days it is practically expected that you get higher education or else! And then which prestigious institution.
My daughter wanted a top University and she earned a full scholarship which paid for her residence as well. I also studied on scholarship which not only paid tuition and residence but also my child care. So we graduated with no debts but we really worked hard for it.
My heart goes out for those who need to pay these very large student debts. But it still amazes me that everyone, now days, needs to go to college. The more percentage of the population who attend college the less the degree actually means. It is like athletics if anyone can play, how good can the team be?
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