Today, our consumer-minded society has started to increase scrutiny of higher education institutions for a number of reasons. Perhaps the most significant reason is student debt. Right now, statisticians tell us that the average student loan debt for college graduates is $29,000. That's a figure to be reckoned with. Depending on one's monthly payback level, a debt of this magnitude could take a quarter century or longer to pay off. That's a frightening reality that students should consider when making an enrollment decision. The question should be, “What price education?"
There is an enlightening thread on the College Confidential discussion forum entitled A Company Working Hard To Make Sure Your Student Loans Stay With You Until You Die, where posters have issued their thoughts and feelings about college-cost-related student debt. Check that out if you would like to see a broad range of perspectives about student loan debt, paying it back, and the perils of bankruptcy.