Parents are taking out bigger loans to pay for their children's college education

I see a number of posters here with ‘boggled minds’ - what boggles my mind is the cost of higher education in-general! In many parts of the developed world, a student can achieve a 3 or 4 year university education for less than the price of a one year in this country - for example: One year at UCLA for OOS incl tuition and board = $63,669 for this current academic year - Oxford University incl tuition and board APPROX $24,000 per year.