2 ms·

That's not even the problem with student loans. The problem with it is that they provide an endless firehose of money, that drives tuition costs up.

• robertlagrant 2y ago
  My stance is that if the loans were only made on degrees that could reasonably pay back, the administrative bloat that has driven up costs would not be possible.
  • vkou 2y ago
    > My stance is that if the loans were only made on degrees that could reasonably pay back, the administrative bloat that has driven up costs would not be possible. The administrative bloat that has driven up costs will eat every single penny that will still be available. It wouldn't be as many pennies as it does today, but it would still capture every bit of that free money that it can.
    • robertlagrant 2y ago
      I agree - that's sort of my point. As the excess reduces proportionally, so will the administrative bloat.
  • rightbyte 2y ago
    Tell that to the housing market? Or medical costs for that matter (insurences should have the same effect as loans).