Recently, some pundits have claimed that the huge debt many people assume to pay for higher education makes college a potentially bad deal.

But here's what I think:

College isn't a "one size fits all" experience. Sure, you can send junior off to a private school where room, board and tuition will cost well over six-figures. But there are also much more modest ways to get that diploma.

In-state, public institutions like U of L or UK – while still not cheap – offer much lower tuition. And if a student can live at home, the deal becomes even more economical.

No, the experiences aren't the same. A degree from Harvard with summers spent studying in Europe is certainly more prestigious than living in mom and dad's basement and working a part-time job while commuting to and from Belknap Campus.

But in either case, the motivated student gets what he came for – a quality education and diploma that'll make him far more marketable in the job market than he could hope to be otherwise.

I don't favor going into crippling debt to finance a college education. But with the right combination of advance saving and realistic aspirations, I think most students can avoid that trap. And I still think it's one of the best investments they could make.

But how about you? Call and tell us how you feel about the value of a college education.

I'm Bill Lamb, and that's my…Point of View.