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Perhaps, but what's definitely not working is the guaranteed loans from governments, which gives universities access to virtually unlimited funds. If the govern
by salient 13y ago
Perhaps, but what's definitely not working is the guaranteed loans from governments, which gives universities access to virtually unlimited funds. If the government wouldn't give loans for college, US tuitions would probably be 10x less, just like they are even in the most expensive universities in Europe or elsewhere.
- codegeek 13y agoExactly. If only I could upvote you a million times.
- Trezoid 13y agoI strongly disagree. In the Australian system everyone gets a higher education loan from the government(with interest locked to the inflation rate and repayment only required if and when taxable income passes a certain threshold), and yet our tuition rates are much lower than in the US. For example, I just finished a Bachelors degree in a STEM field at a relatively middle of the road university and my total education debt comes out just short of $30k.