Even five years ago, the student loans were significantly lower, right? I graduated 9 years ago, and I paid exponentially less. I can't even believe it when I see the tuition costs, even at my public university.
I find myself wanting to continue to give people the same advice I received, the same advice that served me so well, and the advice I believe in strongly—go to college. It will make you a better person. You will become yourself there, and improve yourself and grow. Better, improved, grown, whole people are the ones who earn more money, but that's a side-effect, not a goal.
But when tuition is four times what it was when I found that advice invaluable—it's much more difficult. Even in this thread I'm still giving the same narrative around the intangible and immeasurable value of a college education (I believe in it still, very strongly), but the cost is out of whack.
This is what an economic imbalance feels like, folks. There's beginning to be a huge rift between the perceived value of a university education (invaluable, extreme, incomparable experience, must-do, must-have) and the price (extremely high).
We cannot comprehend it. After all, who can put a price tag on being a better, improved, more whole person? Is it $20,000? Sure. What if we double it? $40,000? Sure, still invaluable. $80,000? Remains invaluable, intangible, unmeasurably important. $160,000? How can we deal with this? How can we put a price tag on a whole experience that remains, throughout all the number shifting, invaluable?
Needs intervention.
I still fully believe that the university experience is invaluable. But that's not the problem. The problem is that it's become overpriced because we are mentally unable to reconcile the immensity of its effect on a life with a single price tag. Thus, it is open to economic "play."
So we rail against it and come up with alternatives, and rationalize that it's not as invaluable as we thought it was after all, and, well, why don't we take some parts here and connect them with this series of tubes and voila! This is the same thing for only a fraction of the price; why would you ever go to that big overpriced agglomerated monster anyway when you can get these results right here?
All the while, I can't help but see holes in the real quality of the experience of growing up. You have to be smart about it, I guess.
Clearly, there's a reason this is an argument, and not a clear-cut case of college being valuable so you should go do it, and the reason is a price tag.
At least it's simple.