On college campuses across the country, students are heading back to classes. Parents are pulling mini-vans up to dorm rooms and unloading clothes, futons, mini-fridges, TVs and game systems, everything a student needs to have a great year.
The students will be taking the first steps on the road to the rest of their lives. Unfortunately, most of them will be heading down that road shackled to a ball of debt that will grow with every year they are in school. Many will graduate with a small mortgage worth of student loans that will start to come due about the time they are looking for that first job.
In recent years, college costs have started to skyrocket, not just in private colleges and universities, but in state schools. And the job market is offering little assurance that new graduates will be able to handle those first months of payments.
We still believe that a college education is a great advantage over the course of a person's life. But students and parents need to look long and hard for the best educational value, dig for scholarships and grants. Colleges and universities also need to work harder to control costs and keep tuitions and fees low.
Good luck to all heading off to college. It is a great time of life, an important time of life. We hope it will be continue to be affordable to all.