What Older People Don’t Know About College CostsSeptember 14, 2017 |
by Julie Mack
Decades ago, many Michigan young adults financed a college education without loans or help from their parents.
It’s something that Baby Boomers and senior citizens brag about now, as Millennials graduate college with an average of $30,000 in student debt.
“While attending U of M I worked full-time during the summer and part-time during the school year. I didn’t have a scholarship or receive any grants,” one reader wrote on an MLive comment board. “When I graduated I didn’t owe any university debts nor did I cost Michigan taxpayers a dime for my education.”