Comment Re:Free? (Score 4, Insightful) 703
Actually, depending on the advanced degree she goes for, she should be able to get the school to pay her - acting as a teaching assistant or research assistant is usually nets free tuition and a stipend. Not much of one, but still.
With regard to what people did wrong - they usually listened to their elders who insisted that they HAD to go to college ever since they set foot into 1st grade and filled their heads with visions of gloom and doom, catfood sandwiches and living in cardboard boxes if they didn't go to school. It's no surprise that many young people find it extremely difficult to make sound financial decisions and solid plans for what seems to be a very distant time when they've spent their entire lives being told horror stories about what will happen if they don't do this. I have a very hard time blaming the young people who internalized the endless advice they were given when they act on that advice.
Part of the solution is to quit overemphasizing college where it isn't necessary. Another part of it is for parents to actually be better parents - sounds like you did fine, but a lot of parents take their kids as an opportunity to compensate for their own failings and push them to the point where the kids behave even more irrationally than the norm.
Oh, and another part is to put a cap on what an institution that accepts ANY federal money in the form of grants, tax breaks or backed student loans and grants can actually charge for tuition. Tie the cap to the minimum wage, perhaps - something like 50% of the pre-tax earnings from a 20hr/week job at minimum wage per year. If a university can't figure out how to keep the lights on when charging ~4k/student/year JUST for tuition (let 'em charge whatever they want for housing, so long as it isn't required that students live in campus housing), something has gone off the rails.