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Imagine how much more sane tuitions would be if these people had just done something else with their lives. Unintended consequences of federal loan guarantees:
by apo 7y ago
Imagine how much more sane tuitions would be if these people had just done something else with their lives.
Unintended consequences of federal loan guarantees: education becomes more expensive, leaving young graduates who should be finding their financial footing trying to understand what happened to them.
- downrightmike 7y agoSchools have all the info and yet they still are more than happy to sign kids into mountains of debt. Nothing would have lowered tuition because it doesn't take all of the money brought in to school the kids, most of the money is going into growing the school's endowment and to maintain their status as a charity so they don't pay taxes. So 58% of kids MUST take some form of aide or charity. And as society has plummeted, more kids are pushed into Uni and therefore tuition MUST be raised to keep the charity status. https://www.conradbastable.com/essays/the-uncharity-of-college-the-big-business-nobody-understands https://www.conradbastable.com/essays/the-uncharity-of-colle...