pic by Kertoon

In 2007 $92.3 billion was spent on gambling and $57.4 billion saved.   A combined total of $149.7 billion.  According to the National Center for Educations Statistics in 2007 8,986,150 undergraduates were attending a 4 year college and it is expected they will have an average cumulative debt of $12,750.   A cost of approximate $114.6 billion. 

College debt is unhealthy for the economy and is approaching a rate of return that many are finding not worth it.  Most colleges and universities are nonprofits and their pricing is approaching a rate that is not sustainable. 

State run education systems are showing to be the best value for the dollar.   Congress should create a gambling and savings opportunity for individuals to bet on the future of students succeeding from a college degree they obtain at a public college.  The return on investment looks a lot brighter when graduating from these public colleges. 

This entry was posted on Monday, October 19th, 2009 at 1:00 am and is filed under Investing, Budgeting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.