I have to ask, where were these kids parents and putting money into a 529 college savings plan? I did it. I had to hold down 2 jobs at times to make it happen, live a very frugal even austere lifestyle, but I did it.
Higher education just keeps getting more expensive. I am still in college and paying for it as I go. I did dual enrollment when in high school and graduated with a two year degree when there. The four year University in my city that I transferred to had a rule in place that all incoming freshmen ( this rule applied to me as I has just graduated high school) had to stay on campus ( and get a meal plan) for the first academic year. This was an extra cost of $3000 per semester. To make myself an exception to this rule I went back to my previous college for a semester in order to have 12 credit hours after high school graduation. The colleges push staying on campus to get the “real college experience”. I was already aware that that experience is one of avoidable debt for years to come.
If that is true, then we are in worse shape as a country than even I thought. Besides, the loans can never be “forgiven”. The loans will be paid by working tax payers who had nothing to do with taking out the loans in the first place while the precious little darlings are sheltered further from the consequences of their own actions. The institutions of higher indoctrination won’t loose a nickel.