At that time, only about one percent of Americans attended college, all Caucasian males, and many of these only attended one year. Most families could not afford sending their sons away to study. After the Revolutionary War, many colleges closed due to lack of funding from the mother country. Gradually over the next century, more universities were built and more students enrolled (“Is a College Education Worth It?”). Eventually the value seen in a college degree and the ability to reach for one took a sharp upward turn after World War II. More and more people began to enroll. However, during the 1960s and 1970s, a generation of college graduates went to work and did not reap the benefits promised due to the vast number of baby boomers flooding the job market. Over the next ten years, wages increased for graduates. Seeking a degree looked like a good idea once again. The topic was pulled back into questioning at the close of the nineteenth century and is debated to this day (Levy). Paying for the upkeep of a twenty-first century university is expensive. The nice gyms, new buildings, plethora of clubs, and free parties, while great features of college life, must be paid for; these features are covered by tuition money. However, sixty-nine percent of students seek loans to cover some or all of the cost of tuition (“Project on Student Debt”). Student loans can be helpful, but borrowed money
At that time, only about one percent of Americans attended college, all Caucasian males, and many of these only attended one year. Most families could not afford sending their sons away to study. After the Revolutionary War, many colleges closed due to lack of funding from the mother country. Gradually over the next century, more universities were built and more students enrolled (“Is a College Education Worth It?”). Eventually the value seen in a college degree and the ability to reach for one took a sharp upward turn after World War II. More and more people began to enroll. However, during the 1960s and 1970s, a generation of college graduates went to work and did not reap the benefits promised due to the vast number of baby boomers flooding the job market. Over the next ten years, wages increased for graduates. Seeking a degree looked like a good idea once again. The topic was pulled back into questioning at the close of the nineteenth century and is debated to this day (Levy). Paying for the upkeep of a twenty-first century university is expensive. The nice gyms, new buildings, plethora of clubs, and free parties, while great features of college life, must be paid for; these features are covered by tuition money. However, sixty-nine percent of students seek loans to cover some or all of the cost of tuition (“Project on Student Debt”). Student loans can be helpful, but borrowed money