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Because we're entering the end-game of the rent-seeking behavior of higher education. We told generations of young adults that they had to have a college educa
by lamontcg 4y ago
Because we're entering the end-game of the rent-seeking behavior of higher education. We told generations of young adults that they had to have a college education, just like they needed oxygen to breathe, and guaranteed the availability of loans, which colleges and universities rapidly hiked tuitions in order to capture all of that financed money in a vicious cycle. If that mass-scale predatory behavior hadn't happened, then I'd agree it would boil down to people should just pay back their loans.
If we're going to have a society which all but requires a higher education, then tuition needs to be made free. Doing it with loans just ensures that the costs will inflate until they're unbearable for most people.