No-one has dismissed the people who do it today. But, for a lot of people who do it today, the fact is that they often end up in large amounts of debt. And, perhaps somewhat paradoxically, those who attend “cheaper” state schools are more likely to end up in huge amounts of debt than those who attend elite, expensive institutions.
I teach in the California State University system. Here in California, increases in tuition at state schools (UC and CSU) have far outstripped increases in wages over the past 40 years, and especially over the past 20. A while ago, i gathered figures on tuition costs and the California minimum wage and put together this table, which shows annual tuition costs for the UC and CSU systems, and the number of 8-hour days you need to work at minimum wage in order to pay one year of tuition.
Remember that these figures are for education expenses only, They take no account of living costs, textbooks, etc.:
Year CA Min. Wage UC Days Work CSU Days Work
1965 $1.30 245 23.56 105 10.10
1966 $1.30 246 23.65 105 10.10
1967 $1.30 248 23.85 110 10.58
1968 $1.65 331 25.08 133 10.08
1969 $1.65 334 25.30 149 11.29
1970 $1.65 487 36.89 161 12.20
1971 $1.65 640 48.48 161 12.20
1972 $1.65 644 48.79 161 12.20
1973 $1.65 644 48.79 161 12.20
1974 $2.00 646 40.38 194 12.13
1975 $2.00 647 40.44 194 12.13
1976 $2.50 648 32.40 195 9.75
1977 $2.50 706 35.30 195 9.75
1978 $2.65 720 33.96 212 10.00
1979 $2.90 736 31.72 210 9.05
1980 $3.10 776 31.29 226 9.11
1981 $3.35 997 37.20 319 11.90
1982 $3.35 1,300 48.51 505 18.84
1983 $3.35 1,387 51.75 692 25.82
1984 $3.35 1,324 49.40 658 24.55
1985 $3.35 1,326 49.48 666 24.85
1986 $3.35 1,345 50.19 680 25.37
1987 $3.35 1,492 55.67 754 28.13
1988 $4.25 1,554 45.71 815 23.97
1989 $4.25 1,634 48.06 839 24.68
1990 $4.25 1,820 53.53 920 27.06
1991 $4.25 2,486 73.12 1,080 31.76
1992 $4.25 3,044 89.53 1,460 42.94
1993 $4.25 3,727 109.62 1,604 47.18
1994 $4.25 4,111 120.91 1,853 54.50
1995 $4.25 4,139 121.74 1,891 55.62
1996 $4.75 4,166 109.63 1,935 50.92
1997 $5.15 4,212 102.23 1,946 47.23
1998 $5.75 4,037 87.76 1,871 40.67
1999 $5.75 3,903 84.85 1,830 39.78
2000 $5.75 3,964 86.17 1,839 39.98
2001 $6.25 3,859 77.18 1,876 37.52
2002 $6.75 4,017 74.39 2,005 37.13
2003 $6.75 5,530 102.41 2,572 47.63
2004 $6.75 6,312 116.89 2,916 54.00
2005 $6.75 6,802 125.96 3,164 58.59
2006 $6.75 6,852 126.89 3,199 59.24
2007 $7.50 7,517 125.28 3,521 58.68
2008 $8.00 8,027 125.42 3,849 60.14
2009 $8.00 9,311 145.48 4,893 76.45
2010 $8.00 11,279 176.23 5,390 84.22
2011 $8.00 13,218 206.53 6,422 100.34
As you can see, as recently as 2002 it took fewer than 38 days at minimum wage to pay for a year at CSU; now it takes over 100 (that’s 20 five-day weeks), and that’s going to go up again this year. The UC system now requires 41 five-day weeks of work at minimum wage, just to pay tuition. Given that many students can only get minimum-wage of near-minimum-wage jobs, this is, i believe, a fairly reasonable indicator of the challenges that college students face.
Plenty of other states are in a similar position, with decreasing state support for public education leaving students to foot dramatically increasing bills. Leaving aside altogether the question of whether this shift in the model of education funding is a Good Thing or a Bad Thing, for a legislator to come out in such an environment and say that she has “very little tolerance” for people who graduate with large debts, “because there’s no reason for that,” shows willful ignorance and stupidity, IMO.