3 ms·

Given the student loan crisis, the supply seems to be artificially unlimited, not restricted.

• tptacek 6y ago
  You're talking about the supply of dollars, I'm talking about the supply of university admissions slots.
  • jgalt212 6y ago
    One is a proxy for the other. There is $1.5T [1] in total outstanding student debt. There would not be such a large amount without a number of factors, but the most important piece of this puzzle is the number of students and that correlates 1:1 to with admission slots. So as I originally posited, there are enough admission slots (probably way too many given default rates) at the aggregate level. Maybe there are not enough admission slots at MIT and other similarly impressive schools, but in the aggregate there are probably too many admission slots. So "university admission slots", as you stated without any qualifiers, has an oversupply. [1] https://en.wikipedia.org/wiki/Student_debt#United_States https://en.wikipedia.org/wiki/Student_debt#United_States
    • tptacek 6y ago
      Strong disagree; this is a repeated pattern with subsidies in regulated/controlled industries: subsidy increases demand, and supply doesn't automatically scale to meet the demand. When's the last time we added a new competitive 4-year university? Ave Maria?
      • jgalt212 6y ago
        > competitive Your persistent use of modifiers is misrepresenting my argument.