Student Loans — The Expensive But Not Entirely Destructive World

Student loans are a way of life for most college students, as well as for those who are not long out of school. As you undoubtedly know, the reason is that a higher education has become not only outrageously expensive but also too costly for most families to foot the bill out of pocket. The average four-year cost of tuition, room, and board at public universities now tops $25,000 more than double what it cost only 20 years ago. And find yourself a comfortable chair or a soft place to fall if you haven’t heard the latest figures for private institutions nearly $65,000 for the same four years. (more…)