3 ms·
Like all attempts before it, this will accomplish little. The cost of higher education has increased bc the government has implicitly funded it via massive cred
by qeternity 3y ago
Like all attempts before it, this will accomplish little. The cost of higher education has increased bc the government has implicitly funded it via massive credit backstops across the student loan complex. This has artificially reduced the cost of capital resulting in much higher borrowing limits.
Students are able to borrow more, so schools increase tuition and see no appreciable drop in demand. Rinse and repeat.
Stop meddling in free markets.