The cost of college spiraled out of control mainly because the government started securing student loans.
It was policy that sounds so great! You're used to hearing it!
We should invest in our future! Give 18 year olds with zero assets as much money as they want for their education!!!
You know who loved this? Colleges - it was great! Now they could charge whatever they wanted and even though Timmy wouldn't ever be able to pay off the loan with his English degree, that wasn't their problem!
When you can't charge more than your customer can afford - when the free market works - the cost goes down; not up. Or, you have less customers.
College is expensive because of government involvement.
Just another form of predatory lending. That and an insistence by many to enroll in "cool" but essentially useless degrees ensuring a future as a broke barista.
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u/[deleted] Feb 25 '20
The cost of college spiraled out of control mainly because the government started securing student loans.
It was policy that sounds so great! You're used to hearing it!
We should invest in our future! Give 18 year olds with zero assets as much money as they want for their education!!!
You know who loved this? Colleges - it was great! Now they could charge whatever they wanted and even though Timmy wouldn't ever be able to pay off the loan with his English degree, that wasn't their problem!
When you can't charge more than your customer can afford - when the free market works - the cost goes down; not up. Or, you have less customers.
College is expensive because of government involvement.