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school's will continue to raise tuition and fees because students have access to an unlimited line of credit from the US government. with the increased tuition
by zomg 10y ago
school's will continue to raise tuition and fees because students have access to an unlimited line of credit from the US government. with the increased tuition monies, schools become businesses, building out infrastructure and overhead, which must be sustained. if they know the loan money is always coming, why not raise prices? it makes perfect sense.
it would be interesting to see how institutions reacted if the 59% of students who receive loans dropped down to, say, 20%, or even better, 0%.
in my opinion, this would force schools to lower prices, down to "market value" (whatever that is, but certainly a lot lower than prices are now), and force market competition, which is ALWAYS a good thing.
- dilemma 10y agoThis.
- arximboldi 10y agoThat is such a backwards mindset. What should be the market value for education? You should be able to get a degree if you are willing to put through the effort of getting it, not whether you can afford its "market price". I agree that that subsidizing tuition fees might not be the best way to solve the problem. That is why I think that education should be provided mostly by public institutions, like here in Europe. That way, access is not a matter of how much money you have and offer is controlled by a democratic agreement on what kind of society we want to invest in.
- mbrodersen 10y agoIt would also ensure that only rich kids get educated. Do you really want a country full of uneducated people? And also remember that the loans have to be paid back. Nothing is given a way for free here.