The cost of going to college may be rapidly getting so high that it may be worth considering not going. Students now days are graduating with debt anywhere from $10,000 all the way past $100,000 and at those amounts, the debt may never be repaid.

University used to be the place you went to advance your education, figure out what you want to do with your life, and have some fun when you were doing it. In this day and age though, school might be more of a tedium than it is fun and most students want jobs just to get by. The economy is so awful right now that students hoping to attend college are in a bind trying to figure out how to pay for it.

The Obama student loan bill was signed this week and the hope is that it’s going to decrease the interest rates which can be charged and make student loans easier to repay. However, the bill won’t take effect until 2014 and for that matter, what does the federal government do anyway that’s ever successful?

With the federal government taking over the student loans process, it means banks and all the private lending companies are no longer involved in the decision making process. Isn’t anyone frightened that the federal government isn’t the right body to determine who will get loans and who doesn’t? Do we actually need extra government management of our lives?

Younger adults currently are under tremendous strain to do well in school while at the same time holding down a job just to pay for it. Many mothers and fathers in the past might have been in a position to pay for at least a big chunk of their youngsters’s schooling but now that may not be the case anymore. Costs just add up too quick and more students than ever are graduating heavily in debt.

President Obama has not attempted to try to decrease the price of attending college or at least prevent costs from escalating. State schools at the moment are very costly just as private ones are as a result of the state governments needing the cash. There may be no viable option for college kids who cannot afford the excessive prices and may not be capable of getting a job either.

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