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That's not what the previous commenter was discussing. College/Universities have no incentive to lower the cost of tuition because everyone can get a loan for w
by lettergram 10y ago
That's not what the previous commenter was discussing. College/Universities have no incentive to lower the cost of tuition because everyone can get a loan for what ever they charge.
The idea being, the government has removed financial competition and there is no "best for your money" because many students can get a loan for where ever. The way to change this, is to obviously not enforce/have the law enforcing the payback of all student loans. This will dramatically drop attendance at outrageously price universities, forcing them to either drop tuition (or just take more out of country students).
- greedo 10y agoLandlords will have no incentive to lower costs either; they have the opposite incentive, charge as much as the market will bear.