<p>I would have to disagree strongly with omm64. The truth is that the schools with the help of the FA/gov’t loan programs are on a completely unsustainable path. Mythmom talks about her son wanting to become an historian. Personally I think that is great but realistically does it make economic sense to spend 250k on a nearly non-marketable degree? Just how many tenured historian positions exist in the United States? Now her son is obviously bright and for him it might work out but even then only if he is lucky enough to graduate with minimal debt. The crisis has already engulfed the laws schools and it will quickly spread everywhere. The student debt crisis will make the housing bubble look insignificant and unlike a house you can’t foreclose or walk away from student debt.</p>