As a rule, an increase in consumer spending in the middle of a recession is a healthy sign that people have more money to buy stuff, which provides stimulus to communities, increases tax revenues for governments, helps to create jobs in general, etc. On the other hand, when people are primarily spending borrowed money because they can't afford the cost of their kids' education, well, that's really not the awesomest thing in the world. Especially when you consider what our overlords are likely doing with all the rising piles of student debt that will never be repaid because there aren't any jobs.
And to think there was a time when you could attend college for free. But that, of course, was back in a frivolous time before we wised up and started relying on the wisdom of markets to determine whether our degrees were worth more than a computer, a robot, or some telemarketer in Mumbai. Good times!
---
Vitelius