QUOTE : The prize itself—an elite college admission—comes at a steep price. The cost of a four-year college degree from any of the top-twenty private colleges in the United States now exceeds a quarter of a million dollars, including room, board, books, and fees. The top-twenty public universities cost less, but even they average between $100,000 and $200,000 for a four-year degree, including room, board, books, and fees, depending on one’s state resident status. Society’s desire for early-blooming validation has led to—let’s be honest—price gouging by those official scorekeepers of early achievement, colleges and universities. The rest of us are stuck with big bills and massive debt. Since 1970, college tuition costs have risen three times faster than the rate of inflation. College debt in the United States is now $1.3 trillion, with an 11.5 percent default rate. By all measures, the rush to bloom early has helped create a potential bust bigger than the 2008 housing bubble.