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Because your educational system is scantily socialized.

• Locke1689 16y ago
  Maybe, but it's difficult to make that argument, partly because many of the best universities in the world are private. Introducing price controls on private universities sounds incredibly intrusive to me, but if the state were to simply subsidize education, why should the student who gets into Harvard receive 5 times as much taxpayer funds as one who goes into a state school? If we only subsidize a limited amount, how does that help the problem? My university costs ~$50k per year and people beg to pay it without gov't subsidies.
  • chopsueyar 16y ago
    Not Harvard, huh?
  • kevin_morrill 16y ago
    It's actually more fascist than socialized, which is why you see "private" institutions affected just as much. By fascist I am not equivocating Nazi Germany, but rather saying the means of production are heavily influenced by government regulators. The commenter above who talks about loans hit the nail on the head. And those loans are largely backed by the Federal Government. It would be interesting if you had to go to a bank (who also didn't have the FDIC backing) and demonstrating the probability your education will make you able to pay the debt you're about to incur. I think you'd see far fewer loans, and also better market signals for the types of majors that are worth high dollar figures. Right now there's no significant market signal. The primary signal is whatever lobbyists can curry favor with the government to get money or more funding for huge loan programs.