An elaborate gamble in which the student and family spends shit loads of money and bets it all on the student's ability to obtain a degree and land a profitable job thereafter. The majority of college students don't get their money's worth out of it, hence the majority of college students come from middle class or above families.
Yeah, I heard Bob is wagering his life on college. By the time he's done, he'll have a $30,000 dollars debt, and I'll have a $100,000 surplus! HAHAHAHA