<p>Ummm, the first GI Bill WAS 50 years ago… “By the time the original GI Bill ended on July 25, 1956…” [from gibill.va.gov]. </p>
<p>College expenses have gone up more quickly than financial aid. For example, a friend attended Yale, putting himself through school by working as a life guard during the summer and with a part time job during the year. Anyone know of a $55K summer job for a college student? As far as I know back in the 1950s the National Merit scholarships were $2K. Today they are… $2K.</p>
<p>The gov’t does have a hard time balancing the need for FA (as a social equality tool to give more needy people a chance for an education) with the probability of someone paying back the debt incurred. And I really can’t believe the students today who, for some reason, think they should be able to go any college they want for free.</p>