In this article, A lifetime of student Debt? Not Likely, Robin Wilson argues that student-
loan borrowing is threatening the financial future of today’s college students. According, to
Michael S. McPherson, an economist and president of the Spencer foundation, students “more
often, the problem among students who go heavily into debt is that they are determined to attend
their dream college, no matter the cost.” His argument is that students who attend the best
colleges will enroll no matter how much the cost will be. For room and board college cost an
average of 18,326 a year, but should be less because of financial aid that’s available, but students
are borrowing much more like, 40,000.…