For a long time and for a lot of us, “college” was more or less a synonym for success. We had only to go. We had only to graduate. And if we did, according to parents and high-school guidance counselors and everything we heard and everything we read, we could pretty much count on a career, just about depend on a decent income and more or less expect security. A diploma wasn’t a piece of paper. It was an amulet.
And it was broadly accessible, or at least it was spoken of that way. With the right mix of intelligence, moxie and various kinds of aid, a motivated person could supposedly get there. College was seen as a glittering centerpiece of the American dream, a reliable engine of social mobility.
I’m not sure things were ever that simple, but they’re definitely more complicated now. And that was an unacknowledged backdrop for the pitched debate last week about federal student loan rates and whether they would be kept at 3.4 percent or allowed to return to 6.8 percent. That was one reason, among many, that it stirred up so much anxiety and got so much attention.