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College is expensive because people still pay that price. People pay that price because they have easy access to student loans. So if we get rid of student lo
by fouc 8y ago
College is expensive because people still pay that price. People pay that price because they have easy access to student loans.
So if we get rid of student loans, colleges would be forced to change their pricing.
If governments still want to encourage students to go to college, then perhaps non-price based methods would help. Scholarships could move away from being a monetary amount, to being a fixed amount of semesters paid for.
- quiq 8y agoNaively, wouldn't a blank check for a semester ecourage universities to raise prices even higher?
- fouc 8y agoYeah, seems hard to make scholarships/student loans work without putting upward pressure on college pricing. Perhaps not possible.
- trumped 8y agoallowing students loans to be wiped off in a bankruptcies might achieve the same goal
- linuxftw 8y agoWe shouldn't get rid of student loans, we should force colleges to loan the money themselves with no special backing from the government. If they really believe in their crap degrees, they'll be willing to put up their own cash and make a return on investment.