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And, I would think that running the system that way is actually cheaper and more efficient than the US way where we seem to be moving towards individually accou
by dv_dt 9y ago
And, I would think that running the system that way is actually cheaper and more efficient than the US way where we seem to be moving towards individually accounting for every dollar of education for payback - all while the overall system spirals out of cost controls. It's much simpler to supply gov't budgets direct to public schools with oversight for spending.
Vs open loans which little cost accountability. (well accountability via students for which this is the most extensive, longest term, financially complex, with highly variable ROI purchase they will have made in their life so far...)
- martin_bech 9y agoIf you think about it, there is absolutely no reason, for education beeing expensive, if priced by actual cost (books, materiel, professors) instead of beeing priced by perceived value (ie. What will my future earnings be, what will my financing look like, are my parents paying etc.)
- dv_dt 9y agoI've never thought of it exactly that way - but it makes a lot of sense. One way to summarize that idea is "cost-of-goods" public budgeting are much more efficient to run vs "value-of-education" priced student loans.