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So stop letting the government guarantee the loans. Watch how the prices fall once only a small fraction can afford to take a $200,000 loan to pay for their col
by higherpurpose 13y ago
So stop letting the government guarantee the loans. Watch how the prices fall once only a small fraction can afford to take a $200,000 loan to pay for their college, afterwards. US colleges have been spoiled. That's why prices are so high.
- dlp211 13y agoThat's not the only reason that costs are increasing and to imply that it is, is dishonest.
- dredmorbius 13y agoCurious, but what other reasons do you see?
- dlp211 13y agoI go to a research university so there are 4 main sources of funding in no particular order: 1) State funding (public tax dollars) 2) Student tuition 3) Research Grants 4) Alumni donations State funding is down, research grants are down, and alumni donations are down. The autonomous costs of a university don't decline, so that loss in revenue needs to be made up elsewhere, thus it comes from student tuition.
- dredmorbius 13y agoThat sounds vaguely in line with the dynamic I'm recalling now with public university funding.
- aaron-lebo 13y agoHow do you balance that with giving access to college to individuals who wouldn't have it otherwise? It isn't black and white.
- judk 13y agoCommunity college and tuition waivers. This is a solved problem, but needs more funding in some parts of the country.
- stefan_kendall 13y agoAn art history degree is worthless to most people, especially those who need the help in the first place. What would happen is that lenders would only lend to degrees and individuals for which they could get an ROI - degrees that actually pay for individuals likely to follow through. Going to college doesn't help you if you wind up working at starbucks. All education is not equal.
- crucifiction 13y agoMore likely, you will just see the proportion of foreign students increase dramatically. College these days is already mostly made up of semi-rich kids from America and actually-rich kids from China. With loans at least some middle class American kids get a shot.
- judk 13y agoIf the government+voters emergent system had any sense of responsibility, public schools would expand/reserve space to serve their public.
- lawnchair_larry 13y agoAlready starting. Universities are intentionally marketing how great it is to have diversity to soften the backlash.
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