Congrats, You’re in College . . . and in Debt
As college admissions decisions came rolling in last week, the chatter on College Confidential, a popular online forum for college applicants and their nudging parents, was all about who was in and who was out. But it wasn’t long before the smiles turned to grimaces. Dream schools vs. massive debt? Dozens weighed in on the what they called the “classic debate.” One commenter cut to the chase: “Get into debt. It’s the American way!” As the statistics below show, that’s not far from the truth.