The Upper-Middle Class Has Itself to Blame for Student Debt

[forthemiddle]

1. Not just elite colleges

We are lucky enough to be on the low end of this income group ($94,535 and $205,335 a year), and we also fall into the catch of "not rich enough -by a long shot- to be able to not worry about the cost of tuition, and not poor enough to qualify for any aid, outside unsubsidized loans".

Through very heavy budgeting we have been able to pay for 1/2 of our sons education, and he is responsible for the other half - mainly through student loans, although he provides ALL of his outside expenses (food, entertainment, gas, etc) through his summer job, and working at school. With room and board, and a meal plan his tuition exceeds $17,000 a year at a State school.
He will graduate next spring (Praise the Lord, HA-HA), but will continue to pay for years to come.........

I don't know if there is a happy medium. We want the lower income students to continue to be able to get and education, the upper income student always could get a great education, but it is the middle class families that fall into the not poor enough, not rich enough sink hole.