I graduated from the College of William and Mary (Williamsburg, VA) in 1990. Though this is a state school, I was an out-of-stater and basically paid over $11,000 (American) per yer for room and board. Well, that's what the loans were for, and there wasn't a better day than the one where I made THAT last payment.
I looked into taking a year in Europe, and it would have been CHEAPER for me to do so for that year - travel and housing included. I wish I could have, but I was in the undergrad school of business at the time and had to remain at the home campus for 4 consecutive semesters.
IMO, most US colleges are horribly run. They constantly cry poor when they charge outrageous tuition, receive money from many alumni, and (with state schools) receive tax money as well. They should put some more savvy business people in charge of these things.
I always get a kick when I get a call or a letter from my Alma Mater asking for money. I think I've given enough already, thank you!