An educated workforce help the GDP, there's a bazillion studies to reinforce this. But when nobody can afford an education, the incentive to get one is kind of low. It's like tuition should be affordable or something.
Because most people who start college are 18 and don't know any better. Honestly, taking out school loans was the biggest mistake of my life, and if I could rewind my life and change it, I would.
Went to public University and boy am I glad I did :) My friend went to a private Uni and is up to her knees in student loan debt..
I drive truck and love it. I could not do a desk job like my youngest brother does. But he went too university and is making insane money. His company just gave him $4 raise out of the blue
A $900 iPhone 5 seems logical :)
As the average college student will make more than a million more more then a HS graduate only, I would say it is still a good investment.