Students are paying a bigger share of their college bills, parents are paying less, and families are beginning to turn away from well-known and expensive colleges in favor of cheaper ones, including community colleges or anything near home. So says the 2012 version of Sallie Mae’s annual report, “How America Pays for College,” a collection of dry statistics that nevertheless reflect the rapidly rising anxiety about higher education and whether the cost is worth it. The anxiety seems justified amid the growing number of students who, after running up $100,000 in student loans, take $25,000-a-year jobs after graduation—placing them in a position akin to the postcrash debtors whose homes are now worth less than what they owe on them.
http://www.thedailybeast.com/articles/2012/07/18/janitors-with-college-degrees-and-the-higher-education-bubble.html
