HIGHER EDUCATION BUBBLE UPDATE: The High Cost Of Room And Board.

If I recommended that people take out loans to pay for several years of food and rent expenses that they otherwise couldn’t afford, you’d probably think I was being foolish.

And yet that is exactly what students — and their parents — are encouraged to do when they borrow for room and board in order to have the “full college experience.” Many colleges and universities require freshmen to live on campus, knowing that many will have to borrow to do so.

It’s like they aren’t concerned about students’ future financial wellbeing.