3 ms·

Here is something to look at 2013 Tuition: $12,500 Subsidized: 30% 2013 Total: $17,857 1981 Tuition: $687 Subsidized: 90% 1981 Total: $6870 2013 Dollars:

Here is something to look at 2013 Tuition: $12,500 Subsidized: 30% 2013 Total: $17,857 1981 Tuition: $687 Subsidized: 90% 1981 Total: $6870 2013 Dollars: $17,690 (at 3% inflation) So the argument is not the cost of education as that hasn't changed in 30 years. Its more who is footing the bill which is implied in the article. Should taxpayers pay for the education?

adventured 13y ago
That $12,500 tuition is wholly subsidized. The loan guarantees provided by the government are back-stopped by the tax payers (and ultimately the Fed, aka people holding dollars). The sole reason students can get loans totaling $40k or $50k is the government is subsidizing the entire process with guaranteed loans. Most likely as this soon to be multi-trillion dollar debt debacle explodes, the government is going to end up paying for a lot of that debt via bailouts. They're certainly not going to let that tower of debt truly fall over, so a bailout is the only likely outcome.