Zac Bissonnette is the author of Debt-Free U. and the New York Times bestseller How to Be Richer, Smarter, and Better-Looking Than Your Parents. His next book, Good Advice From Bad People: Selected Wisdom from Murderers, Stock Swindlers, and Lance Armstrong will be released in March. He is a 2011 graduate of the University of Massachusetts, Amherst.

Rebuttal

Nick Gillespie says we should all shut up about rising costs. Maybe so, but the fact that tuition is crippling students and hurting America is indisputable, writes Zac Bissonnette.

Universities with shrinking endowments need to get creative about raising revenue: put the rare-book collections on eBay and ask the philosophy professors how they’d run the budget.

Admitting virtually every student who wants to enroll in college has resulted in a dropout rate of nearly 50% -- and an incredible amount of money down the drain.