Success may be limited – sticking with your parents' investment people is seldom cool. The programs do provide some financial education. Also, participants welcome the opportunity to network with their peers.
Have nots. Two-thirds of college seniors in the class of 2011 graduated with student loan debt, averaging $26,000.
Debt loads varied widely from state to state. Three out of four graduates in New Hampshire owed an average of $32,440. In Utah a majority graduated debt free, and the minority owed an average of $17,227.
Got any good ideas for A) reducing the cost of college or B) increasing the supply of wealthy parents and grandparents?
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To lower the cost of college, eliminate all federal subsidies, unleash free market forces.
Next thing you know, everyone will be getting educated for free from the internet.
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