I could spend probably ten thousand words and at least a few hours addressing all of the points in this thread, but I think is one of those subjects that, once you've formed an opinion or had your own experiences, precious little will change your views, so it would probably be an exercise in futility... an exercise I increasingly dislike year after year after year.
A few tidbits..
The reasons for, definitions of, and realities of a college education are far, FAR different from what they used to be. College used to be viewed as a next-level education experience gaining you specialized knowledge in a field of study in which you held keen interest and, hopefully, helped you attained the additional skills you needed to be employable, productive, and desired by the workforce in whatever field you were pursuing. It was also a great place to fall in love and meet the person you would marry. Dorms were sparse, amenities, food plans, cafeterias, etc., were all bare-bones, at least in my experiences. Dorm rooms weren't much nicer than jail cells, cafeteria food was abysmal, and entertainment provided by the school consisted of movies for a quarter in the student union projected on a wall. We worked hard, and played hard. I never attended an ivy-league school, and am not familiar with what high end universities were like back in the 70s and 80s when I attended NY state colleges. I had the GPA and scholastic creds to get into pretty much any school I wanted to... but went to SUNY schools for financial and other pragmatic reasons.
Fast forward to the present day. Now, there are no cafeterias... there are dining halls and campus restaurants, catering to virtually every ethnic and dietary wants and desires of every individual, with food being cooked to order at serving stations. Student health clubs, workout facilities in every dorm. Valet parking. At SU where I was adjunct for a couple years, the sheer amount of wealth exhibited by the students is astounding. Kids are driving Maseratis, Gelundwagens, Porsches... in the Central NY winter. There are blocks and BLOCKS of newly built "luxury student apartments," complete with shops, boutiques, cafes, spas, in every building. It's nuts. These college students are living better than my wife and I ever live when we're on one of our bi-annual one week vacations. Some are, indeed, following a career path, but a huge amount of them are just there for the "experience," and taking "degree" programs that are completely worthless in terms of garnering productive employment upon graduation. Complaining about the high cost of going to college while expecting this kind of luxury while you attend is tantamount to insisting that your first plane be a Conquest, then complaining about the cost of the loan necessary to finance it.
Finding someone to marry has, of course, fallen out of popularity as our culture increasingly condemn any people of faith as "stupid," and condones living together as not only a moral option, but a better option. The negative influence THAT trend has had on our society, the family unit, and kids who are constantly shuffled between parents unwilling to commit to each other for life, is huge. That's a WHOLE other discussion.. and one that won't fly here.
In 1981, I graduated with $5k of student loans, and my wife (girlfriend at the time, but we got married one month after she graduated in 1982) had $10K in student loans. We worked, paid them off in a few years, and have had a wonderful life.. and three sons. The oldest went to a state university, incurred about $10K of loans over three semesters, didn't do much there, transferred between a few different degree programs, and eventually dropped out. Found his way in life eventually, and is doing quite well without a college degree. The middle son went to VERY respected out-of-state school and paid out of state tuition. His dorm room was nicer than any apartment my wife and I ever rented before we bought our first house. Come to think of it... it was nicer than our first house. He worked his BUTT off, got every merit scholarship available, but no financial aid (he's a straight white male.. there are targeted scholarships for virtually EVERY other demographic) for the first two years. We helped him out as much as we could. Finally, by his junior year, after meeting with his financial aid office, they were able to find some additional money to help out. He graduated with about $60K in debt... and, like his mother and I had done 28 years earlier, got a good job, lived thriftily, and paid it off within seven years. He's doing great. The youngest son followed the path I had chosen for myself.. he, too, was exceptionally capable, but had no interest in incurring a huge debt when he could accomplish all he wanted byh attending a state school.... so he did. He went on to earn a master's degree via a graduate assistantship while deferring payments on his undergraduate loan, and is currently on the full time faculty of a university. The other college graduate son got his master's degree part time will working full time, and most of that was paid for by his employer. All three sons are married, doing wonderfully, and we're very proud of them. They are all millennials, and have some characteristics that push some of my buttons, but that's to be expected... there's things about me they probably would love to change, too, and that they won't understand until they, too, are 60 years old.
The two main take-aways...
1. You do NOT have to incur hundreds of thousands of dollars of debt attaining a degree. If you do, you did so by choice, and you have no right to complain about it or expect others to pay off your debt.
2. College is not the necessity it once was. If I had young children now, I would think long and hard before advising them to go to college. College has drifted far from being the hotbed of intellectual exploration and targeted skill-gathering it once was, and is now, almost universally (no pun intended... well... maybe a little...
) a place for political indoctrination, narrow thought, intolerance, coddling, and serving student's desires rather than their best interests.