The cost of a college education is growing rapidly, as any parent of a college student or high school student preparing for college can tell you. More and more students are graduating from college find that their sheepskin comes with something else - a ton of debt.
Minnesota college graduates in 2010 had an average of $29,058 in student loan debt, fourth highest in the nation, according to data from the Project on Student Debt. As college costs continue to rise, some may wonder whether a college education is worth the expense.
We believe it is, for those who have the ability and desire to handle it. Future employment and earning potential are maximized by a good education.
But the cost makes it a poor choice for those who are not motivated, or those who may benefit more from other post-secondary education options. At $20,000, $30,000 or $40,000 a year in tuition for some private colleges, college is not a place for someone with no direction in life.
The answer to the high cost of education cannot be simply expecting the government to pay more. Colleges must look for ways to cut costs, students must shop for the college that provides the best bang for their tuition buck, and high school students who anticipate going to college can help themselves by taking advantage of advance placement and college level courses that are available to them.