Earlier quoted context omitted.
$30k is right around the average college debt these days. $100k-150k is an extreme outlier from people who made the extraordinarily poor decision to attend expensive schools which weren't prestigious enough to provide adequate financial aid.
Well consider that a normal person going to university and paying a low amount of $1k on living expenses (i.e. equivalence of living on a $12k annual salary), for a four-year university. Now imagine he has to go to university full time (the fact full-time is rarely upheld says something about the economic difficulty of spending full-time on school). That means you spend all your disposable non-leisure time on school,…
In actuality, I think even that statistic s overstated because it's the average debt of students with debt when 3/10 students graduate debt-free. Taking into account those with a debt of $0, the actual average debt is closer to $20k.
> This obviously isn't the outcome we want, and represents a huge waste.
Speak for yourself. I personally think it's entirely reasonable that people should work at least part-time to pay for their education and it's been happening for generations. I've personally worked full-time for most of university and definitely think it has enriched my education a lot more than joining some silly clubs or a sports team.