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<p>There were 11.6 million new car and truck sales in 2010, down from a high of 17 million pre-recession. </p>
<p>That’s not the point, however. Borrowing money for college is borrowing money for a life-changing experience. Borrowing money to buy a car is borrowing money for something that’s going to last you for a few years, then be replaced.</p>
<p>I’m NOT advocating taking on massive debt for college, especially when there are affordable alternatives available. But the average indebtedness is not unreasonable, given the lifelong impact of the experience.</p>
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<p>There were roughly 19.5 million people enrolled in college (all levels) in 2010. With 11.6 million new cars and trucks sold, plus I don’t know how many used vehicles, that would indicate to me that a lot more money is being borrowed for cars than for college.</p>