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The government backs the loans and this ends up being a massive subsidy for academia. If loans were priced accordingly, far fewer loans would be issued and ther
by Kephael 8y ago
The government backs the loans and this ends up being a massive subsidy for academia. If loans were priced accordingly, far fewer loans would be issued and there would be fewer students in college, and fewer colleges and universities.
- jogjayr 8y agoColleges and universities might start charging something more reasonable once they see that their students can't take out such large loans. Why exactly does it cost tens of thousands of dollars to deliver a liberal arts education anyway? Otherwise, community colleges prepare students to transfer into year 3 of a 4-year college, at a fraction of the cost. This is a viable option for students who can't afford the full 4-year experience.