Mr. Scullum, I agree with you on your point that college is one of the best investments that anyone can make, for an education is something that never depreciates (as does a Hyundai). The increases in the return on investment that a college graduate makes are well earned, however. While reading your article I was surprised to find the "viscous circle" present in the higher education system. Right now, July 26, 2009, Congress is struggling to reform our health care system which is spiraling out of control in a similar manner but in a much more detrimental cost to society.

However, I disagree with your argument entirely. As more and more people graduate from college there is ever increasing competition in the marketplace. In accordance with the law of supply and demand, with more graduates available then demand goes down and salaries go down. It is harder to get a high paying job as a college graduate in the 21st century than it was in the 20th century. Really what you need now is a graduate degree!

As an undergraduate student dealing with all these loans and debt, I am very thankful for the subsided interest rates. It shows that America is a country that values education, and universities are the leaders in societies advancement. At its very core an investment in higher education is an investment in national security. Something that we never hesitate to subsides endlessly. If America is going to continue its dominance in the world then we must continue to invest in higher education, giving the next generation a chance to carry on the torch.