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>invest more into education I suggest the opposite. The reason college tuition is so high is because the government backs those loans. Remove the government ba

>invest more into education I suggest the opposite. The reason college tuition is so high is because the government backs those loans. Remove the government backing of loans thus lessening the availability of capitol to the educational system and I think you will find it will become vastly more affordable.

thewhitetulip 10y ago
I am in India and the govt doesn't back any student loan yet college tuitions have ridiculously skyrocketed, heck, I paied less for my one yr college tuition than qhat my cousin is paying for his daughter's playgroup (I paid 50k INR for 1yr tuition and my neice's playgeoup charges 75k INR, don't know what the fuck they teach)
- cmdrfred 10y ago
  That's less than $800 US isn't it? To compare a year of school here probably averages 10K USD a year or 668,325 INR.
  - thewhitetulip 10y ago
    No, it is around $ 1250 I am talking about playgroup!! And 75k is the least costly PLAYGROUP, playgroup is before starting nursery :P Oh my God, 10k $ per year! That is way too costly, Indian colleges have reached 1/3 or your school's fees, my counterparts at private institutions were paying 1/3 and I have heard that people now in college are paying as far as 1/2 of what you have mentioned, so it is catching up.
pm90 10y ago
> The reason college tuition is so high is because the government backs those loans. This is patently false. Which nullifies the rest of your suggestion.
- cmdrfred 10y ago
  https://studentloans.gov https://studentloans.gov suggests otherwise. They are called subsidized loans. More data here: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsid...
  - pm90 10y ago
    I am not debating the existence of subsidized loans. I am questioning the correlation b/w subsidized loans and high tuition which you seem to be making. e.g. https://www.nytimes.com/2015/04/05/opinion/sunday/the-real-reason-college-tuition-costs-so-much.html https://www.nytimes.com/2015/04/05/opinion/sunday/the-real-r...
    - cmdrfred 10y ago
      Do you disagree that subsidized loans would increase demand, or do you disagree that increased demand would raise prices?

thewhitetulip 10y ago

I am in India and the govt doesn't back any student loan yet college tuitions have ridiculously skyrocketed, heck, I paied less for my one yr college tuition than qhat my cousin is paying for his daughter's playgroup (I paid 50k INR for 1yr tuition and my neice's playgeoup charges 75k INR, don't know what the fuck they teach)

cmdrfred 10y ago
That's less than $800 US isn't it? To compare a year of school here probably averages 10K USD a year or 668,325 INR.
- thewhitetulip 10y ago
  No, it is around $ 1250 I am talking about playgroup!! And 75k is the least costly PLAYGROUP, playgroup is before starting nursery :P Oh my God, 10k $ per year! That is way too costly, Indian colleges have reached 1/3 or your school's fees, my counterparts at private institutions were paying 1/3 and I have heard that people now in college are paying as far as 1/2 of what you have mentioned, so it is catching up.

pm90 10y ago

> The reason college tuition is so high is because the government backs those loans. This is patently false. Which nullifies the rest of your suggestion.

cmdrfred 10y ago
https://studentloans.gov https://studentloans.gov suggests otherwise. They are called subsidized loans. More data here: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsid...
- pm90 10y ago
  I am not debating the existence of subsidized loans. I am questioning the correlation b/w subsidized loans and high tuition which you seem to be making. e.g. https://www.nytimes.com/2015/04/05/opinion/sunday/the-real-reason-college-tuition-costs-so-much.html https://www.nytimes.com/2015/04/05/opinion/sunday/the-real-r...
  - cmdrfred 10y ago
    Do you disagree that subsidized loans would increase demand, or do you disagree that increased demand would raise prices?