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There are other things that often get overlooked: 1) sticker price != how much students pay. Pretty much everyone gets a discount. This is designed to get super
by baron816 6y ago
There are other things that often get overlooked: 1) sticker price != how much students pay. Pretty much everyone gets a discount. This is designed to get super rich families to pay much more. 2) About half of student debt is incurred from graduate school, and those students are much more capable of handling that load (with some notable exceptions). 3) As was said here, the average debt upon graduation from private universities is $31K, which is very reasonable for most people. That comes out to a little of $7K/year of education. Can you just imagine living out on your own for $7/year, without gaining a degree? That seems like a steal.
The problematic debt is usually held by those who don’t complete their degree, or who attend for-profit institutions. If there’s legislative action that should be done, it should be in those arenas.