In response to Sarah Simmons

Do you think this responsibility fall on the student or the parent of the student? (education about financial debt)

In most cases, when a 17 or 18 year old high school student is looking into college their parents are the ones that will be needing to pay for some part of the tuition or cosign their loans. So in just about every case the parents have something to do with a kid going to college. This is why I think that the parents should try to talk to their kid about financial debt and what to expect when they are all done college. The parents are the ones that have been out in the real world dealing with this stuff for years, so they are the ones have firsthand experience with it all. An 18 year old usually has never had experience with any sort of financial debt. In my high school they had a meeting for financial debt which they talked to us about all the loans and financial aid we can get. This helped me somewhat understand what was going on, but my parents have already gone through the college debt thing so I think that parents with experience in college or any financial debt should help their kid understand it all.