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the problem with this idea is that we generally do want more people to get more educated, rather than a small percentage of population, especially those who can
by vasilipupkin 11y ago
the problem with this idea is that we generally do want more people to get more educated, rather than a small percentage of population, especially those who can least afford it. So, perhaps rather than eliminating government subsidies, make them more targeted. Mostly, runaway costs are there because payoff to education is going up.
- morgante 11y agoThere's no reason you need subsidies for quality education. I as a private investor would happily extend loans (with interest) for a smart student from an underprivileged background to attend an excellent non-profit university. There's a high chance of them graduating, getting a good job, and paying me back. I would not, however, give loans for a mediocre student to attend the University of Phoenix. There's very little likelihood of that leading to a better life for them (and my loan getting paid back), and I fail to see why we as a society should subsidize it. Loans are great. They allow all kinds of people who can't afford high-return investments like higher education to buy them in exchange for sharing the profits. Why do we need a subsidy to facilitate this?