“Stuck in it until I die”: Parents get buried by college debt too — from hechingerreport.org by Meredith Kolodner
ParentPlus loans have spiked, leading to financial disaster for many low- and middle-income families

Excerpt:

The couple’s original $40,000 loan to cover the cost of their son and daughter attending public universities in Indiana, where the family lived at the time, has snowballed in those 18 years, with interest rates as high as 8.5 percent. Their bill now stands at more than $100,000.

The Rifes would have lost their house if they had been forced to make the original monthly payment, so they negotiated with the federal government to get it down to $733. Still, it’s more than their mortgage, and it doesn’t cover the interest, so the amount owed has continued to grow.

From DSC:
I have fought for over a decade to bring the costs (involved with obtaining a degree) down. Through the years, I have tried to reach anyone who works within higher ed to listen…to change…to find ways to bring the price of obtaining a degree waaaaaay down. 

Before 2010, I had written about a future where the cost of obtaining a degree would be 50% less. And that has already happened with a handful of instances. But the future will likely look much different than the past.

Fast forward…and the perfect storm against higher ed continues to build. The backlash continues to build.

There will be change. Count on it. 100% bound to happen. In fact, it has to happen, or this nation is in big trouble otherwise. 

(11/24/20) An addendum from the Wall Street Journal: