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>In the late 1980s and early 1990s, colleges discovered that the appearance of high tuition was good for marketing. I believe the re-vamped FAFSA aid system al

>In the late 1980s and early 1990s, colleges discovered that the appearance of high tuition was good for marketing. I believe the re-vamped FAFSA aid system also had a big impact in that time frame[0]. The article barely mentions student loans, but having nearly unlimited education loans that can't be discharged in bankruptcy, along with more generous income tax credits for higher education, certainly has fueled some of the tuition growth. Interestingly, male college-age students are no longer required to register for the draft (Selective Service) before applying for federal aid. [0]" When Congress reauthorized the HEA in 1992 they created a standardized federal form for all prospective students seeking aid. The stated goal of FAFSA and other government funded education programs was to create equal opportunities for students seeking higher education." https://en.wikipedia.org/wiki/Fafsa https://en.wikipedia.org/wiki/Fafsa

throwaway2203 3y ago
When did the Selective Service requirement get dropped?
- PopAlongKid 3y ago
  > the FAFSA Simplification Act removed this requirement starting with the 2021–2022 school year. The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. [Wikipedia]
tptacek 3y ago
I've also operated under the received wisdom that the college loan system mostly serves to allow universities to take a larger bite out of the lifetime earnings premium from a degree, that it essentially subsidizes higher tuition. But the article makes claims incompatible to that; that if you follow the Form 990s, the total amount schools are taking in, in constant dollars, hasn't tracked the increasing availability of loans. But: surely there are solid statistics on increased loans from buyers? Where is that money going?
- strictnein 3y ago
  My guess is student housing? Student housing is so much nicer on and off campus now versus what it was 20+ years ago.

throwaway2203 3y ago

When did the Selective Service requirement get dropped?

PopAlongKid 3y ago
> the FAFSA Simplification Act removed this requirement starting with the 2021–2022 school year. The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. [Wikipedia]

tptacek 3y ago

I've also operated under the received wisdom that the college loan system mostly serves to allow universities to take a larger bite out of the lifetime earnings premium from a degree, that it essentially subsidizes higher tuition. But the article makes claims incompatible to that; that if you follow the Form 990s, the total amount schools are taking in, in constant dollars, hasn't tracked the increasing availability of loans. But: surely there are solid statistics on increased loans from buyers? Where is that money going?

strictnein 3y ago
My guess is student housing? Student housing is so much nicer on and off campus now versus what it was 20+ years ago.