village voice > news > Generation Debt: The New Economics of Being Young:

The Greatest Generation had the G.I. Bill to pay for college. Baby Boomers got the Pell Grant program in the 1970s, and back then it paid for an average of 50 percent of a public university education, compared to 25 percent today. Students these days are supposed to be grateful that Bush's new budget will allow them to borrow even more, raising the annual limit on federal student loans from $2,625 to $3,500 for freshmen.

Along with that are fewer seats per capita in state universities. We are falling far behind.