3 ms·
So just upfront, I don't know what the 'average' cost of university is in North America. Having said that, people this way tend to argue about the cost of terti
by narcissus 13y ago
So just upfront, I don't know what the 'average' cost of university is in North America. Having said that, people this way tend to argue about the cost of tertiary education a lot more than in Australia, for example, so I presume (quite possibly incorrectly) that it's cheaper in Australia.
With that in mind, I wanted to just point out that in Australia, all student loans are done through the government and a quick search shows that the average cost of a degree ranges between about $5000 and $10000 a year. I don't know if that supports your statement about the government being "involved in the student loan business" but I figured it may be a helpful piece of data...
- jwoah12 13y agoFor some perspective, my degree at a public state university in the US cost about $20,000 per year. That was almost 10 years ago. There are plenty of universities in the $40-50k per year range.
- narcissus 13y agoThat's amazing. Another quick search shows up to about $17,000 a year in Canada and as far as I can tell the loans are part government, part private (though rates etc. are set by the government). From all of that, then, while I can't argue that "The cost of higher-education skyrocketed when the government got involved in the student loan business" (from my original parent's comment) is incorrect, I don't think it's fair to infer that one is necessarily the fault of the other. Implicitly, of the course, if the underlying problem is more related to the "tuition skyrocketed with the suddenly available capital" comment, then it just comes down to 'greedy higher education' which is its own problem I guess.