Mobilize.org, whose work serves as a catalyst for raising issues which adversely impact the Millennial Generation as well as bringing the voices of that generation to problem solving at the national level, reported on their website (www.Mobilize.org) in 2010 that 35 percent of those with bachelor’s degrees have debt in excess of $20,000, while 53 percent of those holding master’s degrees, 63 percent of those holding doctorates, and 69 percent of those holding professional degrees (from medical school, law school, etc.) have debt in excess of $30,000. In their report, Student Debt and the Class of 2011, issued October 2012, the Institute for College Access & Success’s estimated that two-thirds of college seniors who had graduated in 2011 had student loan debt with an average of $26,600 for those loans. This represents more than a thousand dollar increase above the class of 2010, whose student loans averaged $25,250, up a little more than 5 percent from the class of 2009. Some say, in the United States, student loan debts total more than all of our collective personal credit card debt.
It is unlikely that students’ parents and others are going to see any relief from the rising cost of getting an education or training after high school. Perhaps the only way to make things better is for high school students and their parents to take matters into their own hands. This is what I want to talk about in detail: what students and parents can do to lower the costs they pay for education and training after high school. Not all of these suggestions are going to be easy, especially the first. And some of them will go against current thinking or practice, such as the idea that it is not about where students go but whether they finish. The thing is, though, bad situations sometimes call for unorthodox solutions. And the cost of education and training after high school is a bad situation for a lot of people.