I agree with all that has been said. I heard a church member today talking about the $60,000 cost and he said that the students are not being prepared for anything. Using the same figure, a neighbor a few months ago said the there are no jobs for them when they finish.
I suggest two things for black parents to consider... all parents really. Tell your college child to get a intern before they finish. The other is a statement in the Economist (British) not long ago. "The new class structure in America is based on education". So they have to go but they must plan wisely.
What I like about the "Brits" is they don't see our party affiliation or race. They just see "Americans".