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Student debt became a problem when the cost of college rose significantly faster than the ability to pay for it, immediately and from degree benefit. One can ar
by pinewurst 1y ago
Student debt became a problem when the cost of college rose significantly faster than the ability to pay for it, immediately and from degree benefit. One can argue that educational bureaucracy metastasized as a byproduct of government debt guarantees, thus driving the cost curve.
- Findeton 1y agoI would say that, because government started guaranteeing the student debt, demand became insensitive to price.