“Indeed, the price of higher education — and how that price is paid — is still a huge problem in this country. Federal and student loan debt now exceeds $1 trillion. Today, the average graduate leaves school with nearly $30,000 in debt.
And those are just the students who actually graduate. For millions of students, America’s university system is not a pathway to success but a debt trap. As of 2011, nearly half the students enrolled in four-year programs — and more than 70 percent of students in two-year programs —failed to earn their degrees within that time, with many dropping out because of the cost. They leave school far worse than they arrived: saddled with debt, but with no degree to help them land a job and pay it off.”