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They get cheap money to pay their tuition fees so private universities raise their prices. If the bar to get that money was as high as the one to get a mortgag
by Darmody 5y ago
They get cheap money to pay their tuition fees so private universities raise their prices.
If the bar to get that money was as high as the one to get a mortgage from the bank, universities couldn't simply raise the fees because most students wouldn't be able to pay.
- cftm 5y agoThis times a million.
- ryanhuff 5y agoMortgage rates in the US have been dirt cheap the past few years. They are currently between 2-3%. I don't think student loan rates are that low.
- Darmody 5y agoBut if you declare bankruptcy you can clear your debts but not the tuition one. You're stuck with it for life (or until you pay).