Paying for college may be one of the biggest economic challenges young people face in their lifetime. Aside from major medical emergencies, the only other big challenges that come to mind are buying a new car or purchasing a house. In some cases, colleges costs can even exceed the money you spend on both cars and houses.
That's the dramatic reality of higher education these days, and it's not getting any better. College costs continue to rise at a rate that exceeds inflation here in America. As I always say, “What's wrong with this picture?"