As the recent Occupy Wall Street protests have shown, many young people are angry about the rising cost of college. Few want to be burdened by tens of thousands of dollars in debt and are seeking debt forgiveness on college loans -- especially in light of the nation's lackluster job market, which is yielding too few job prospects.
Statistics from the College Board show that average in-state tuition last year at public colleges and universities exceeded $17,000, including room and board -- a 6 percent rise from 2010. CNN notes that in 2009 Americans spent $461 billion on post-secondary education. That's equivalent to 3.3 percent of the nation's gross domestic product and more than the total GDP of Sweden, Norway and Portugal.