4 ms·
How? Lower prices. Tuition+Fees used to hover around 10k total at public institutions.
by aspensmonster 13y ago
How? Lower prices. Tuition+Fees used to hover around 10k total at public institutions.
- beagle3 13y agoThe high prices are a symptom. The cause is cheap student loans: Since it is easy to get a loan, people will borrow as much as needed to get to the highest tier institution that will accept them. The private ones can thus increase their prices, and lure the staff with higher salaries. Now the public institutions need to level up salaries of professors and administrators, or they will leave for the private institutions. That has been happening over the last 20 years. Remove the government guarantees for student loans and make them dischargeable in bankruptcy (that is, return their status to a normal loan, from the special status that they have now) - and all of a sudden, lenders will start caring about making reasonable loans, people will have less credit to spend on education, and the prices will go down significantly to a reasonably supported level. (It is likely to cause an implosion of the higher-ed bubble in the US in the process. So be it - popping this bubble is long overdue)
- mjburgess 13y agoor just federally cap tuition fees
- uptown 13y agoQuartz has some great charts showing the outstanding US Student Debt: http://qz.com/search/student+debt http://qz.com/search/student+debt
- aspensmonster 13y agohttp://qzprod.files.wordpress.com/2013/09/outstanding-us-student-debt-in-trillions-of-_chartbuilder.png?w=1024&h=576 http://qzprod.files.wordpress.com/2013/09/outstanding-us-stu... That's depressing.
- volkadav 13y agoStates used to subsidize more of the operational budget for public schools than they do now, so the students were shouldering considerably less of their actual attendance costs.