Authored by Michael Scott via, Some 84 percent of Americans claim that a higher education is a very or extremely important factor for getting ahead in life, according to the National Center for public policy and Higher Education.

Denmark, too, doles out an allowance of about $900 a month to students to cover their living expenses.

For Japan-a country that sees more than half of its population go to college-the highly respected University of Tokyo only costs about $4,700 a year for undergraduates, thanks to government subsidies.

The Japanese government spends almost $8,750 a year per student because it sees the massive value in having a highly educated citizenry.

For Americans, while student loans may still be a good investment overall, the idea of taking a lifetime to pay off the debt may become increasingly unattractive.

Categories: ZH