How I escaped the student debt trap, and why other Americans aren’t so lucky
Emily Christine Fay

Great piece

What we are going to see over the next decade that many of the private liberal arts colleges that are nearing the 60k mark a year for tuition will be forced to close their doors unless we change the system.

  1. It will get to the point that nobody will pay that amount for a four year degree nor wan to go into that type of debt
  2. the schools will have drained their endowments buying kids entrances to fill their ranks with over inflated scholarships

this is a house of cards that will fall sooner or later

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