Kids are taught that the only path to success is a college education, and regrettably, college is really not for all people. The flood of money creates a bubble, costs rise, and quality falls as all the <insert bull shit word>-studies programs are created.
Employers are at fault for the insane college costs. They drive most high school kids to go to college to get a degree, even if they are meant for a manual or vocational training. Colleges increase costs because there is a high demand for a college education. A piece of paper tells every employer what your wage will be and where you fit in the company. Unless you come out of college with a specialized field, you will compete with more job seekers than you thought.
I sent my 3 children to college. My total cost was over $200,000. I pay most of the loans by a home equity loan. The loan is a burden on my back. Yes, my 3 children all work full time jobs but for what they make per year, someone who is in the trades or has their own business makes more.