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10 Reasons College Costs So Much

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Author's Note: 10 Reasons Why College Costs So Much

When my 8-year-old daughter is applying to college a decade from now, what will her options look like? What about our 6-year-old and 3-year-old? When I was a senior in high school, my parents had saved enough to allow me to apply wherever I wanted. It was a generous reward for getting good grades, but it's a gift that I can't imagine offering to our own children. Not that we don't want to help them pay for college; there's just no way that our modest savings will cover more than a few semesters at the private college my wife and I attended. Our best hopes are merit scholarships, need-based grants or a radical overhaul of higher education by way of MOOCs and other low-cost online models. I still believe in the value of a college degree, not only for the academics, but for the experience of living on your own and forging an identity within a supportive and fun community. Heck, if I didn't go to college, I wouldn't have met my wife. And that's priceless.

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