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The absurd student loan system is what fueled tuition inflation in America. It needs to be abolished.

by Camillo 11y ago

cheriot 11y ago
Do poor students not get to go to college anymore or do you have another system in mind?
- jrs235 11y ago
  Federal and private grants would still be available for those that qualify same with scholarships.
- nemo44x 11y ago
  Work and save money before you enter a University. If you work and save for 2 years after high school you gain many advantages: 1) You will save some money to pay for school. 2) Because you are a bit older a new world of grants are available to you since you are returning to education. 3) Because your income will probably be fairly low you will qualify for more grants due to this fact. 4) Gives you time to figure out what you want to go to school for and possibly make you take it more seriously when you start. Another option is to join the military and qualify for a lot of additional grants that way. 4 years of service opens a lot of doors. There are many non-combat roles available. There are many ways for the poor to advance themselves and not cripple themselves financially for the next 40 years.
  - cheriot 11y ago
    I like your reasoning, but I worry that the math of minimum wage jobs can't put people through school any more.
- GFK_of_xmaspast 11y ago
  How about "free tuition for everybody, like they used to have in California."
WeAllDieByBan 11y ago
Monetary policies after 2008, causing price increases due to artifical housing shortaged and asset bubbles are to blame.
- Camillo 11y ago
  That is completely false, as you would know if you had bothered to search for five seconds: https://nces.ed.gov/fastfacts/display.asp?id=76 https://nces.ed.gov/fastfacts/display.asp?id=76 http://www.usnews.com/news/articles/2013/10/23/charts-just-how-fast-has-college-tuition-grown http://www.usnews.com/news/articles/2013/10/23/charts-just-h...
mikeyouse 11y ago
This is a much more controversial statement than most HNers give it credit.. It's by no means settled 'science' that government loan subsidies are the largest (or even a large) determinant of tuition costs. Colleges used to be much more subsidized by taxes which have been pared back for decades, the loans are the result of this change -- not the cause. Total tuition costs increase much faster than inflation but look at total costs per student for the college and it's a very different story.

The absurd student loan system is what fueled tuition inflation in America. It needs to be abolished.

by Camillo 11y ago

The absurd student loan system is what fueled tuition inflation in America. It needs to be abolished.

cheriot 11y ago

Do poor students not get to go to college anymore or do you have another system in mind?

jrs235 11y ago
Federal and private grants would still be available for those that qualify same with scholarships.
nemo44x 11y ago
Work and save money before you enter a University. If you work and save for 2 years after high school you gain many advantages: 1) You will save some money to pay for school. 2) Because you are a bit older a new world of grants are available to you since you are returning to education. 3) Because your income will probably be fairly low you will qualify for more grants due to this fact. 4) Gives you time to figure out what you want to go to school for and possibly make you take it more seriously when you start. Another option is to join the military and qualify for a lot of additional grants that way. 4 years of service opens a lot of doors. There are many non-combat roles available. There are many ways for the poor to advance themselves and not cripple themselves financially for the next 40 years.
- cheriot 11y ago
  I like your reasoning, but I worry that the math of minimum wage jobs can't put people through school any more.
GFK_of_xmaspast 11y ago
How about "free tuition for everybody, like they used to have in California."

WeAllDieByBan 11y ago

Monetary policies after 2008, causing price increases due to artifical housing shortaged and asset bubbles are to blame.

Camillo 11y ago
That is completely false, as you would know if you had bothered to search for five seconds: https://nces.ed.gov/fastfacts/display.asp?id=76 https://nces.ed.gov/fastfacts/display.asp?id=76 http://www.usnews.com/news/articles/2013/10/23/charts-just-how-fast-has-college-tuition-grown http://www.usnews.com/news/articles/2013/10/23/charts-just-h...

mikeyouse 11y ago

This is a much more controversial statement than most HNers give it credit.. It's by no means settled 'science' that government loan subsidies are the largest (or even a large) determinant of tuition costs. Colleges used to be much more subsidized by taxes which have been pared back for decades, the loans are the result of this change -- not the cause. Total tuition costs increase much faster than inflation but look at total costs per student for the college and it's a very different story.