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I have always been of the opinion that if colleges accept federally backed student loans they should be required to offer course credits at a federally mandated

I have always been of the opinion that if colleges accept federally backed student loans they should be required to offer course credits at a federally mandated rate. As in, many have no problem the government dictating what hospitals can charge it for services and goods so why cannot the same apply to colleges? You can guarantee that colleges would fall in line quickly. there would be also attempts to circumvent the charges but those can be dealt with. they could though try to up sell you on amenities you may not otherwise have chosen to pay for but do now through high tuition. So summary, Federal student loans only apply to programs with set rates per course credit and degrees. fall outside of these degrees; lets be honest there are some degree programs we should never back; and you pay your own way and colleges can charge what they want.

jtbayly 6y ago
> many have no problem the government dictating what hospitals can charge it for services and goods so why cannot the same apply to colleges? Many having no problem with it does not mean it has happened or that it would work. You are talking about the only other industry in the US with similar cost increases to colleges.
nradov 6y ago
Another option would be to financially penalize schools every time one of their students defaults on a federally backed student loan. That would incent schools to keep debt loads to a reasonable level.
IG_Semmelweiss 6y ago
Or you can remove the price floor by removing aubsidized loans. And while you are at it, accreditation. Watch the pitchforks as administrators everywhere feel their cushy jobs are threatened