Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No, this just proves that greed by the institutions is the problem- they are charging more because they CAN do so due to students getting all of this financial aid. Same goes with our sky high medical care costs in this country charging whatever they want for massive profits knowing most people have insurance that will pay a bill no matter how high it is.
Dorms, classrooms, dining halls and campus all state of the art. It's not college, it's a 4-5 year long vacation interrupted by 12 weekly credit hours of classroom time.
Lots of focus on IBR right now, how about we remove bankruptcy protections and let risk be factored into the cost of education. This is the only thing that will save many of those who get interesting degrees with no real upside to income. Instead of capping payments at x% of income, cap borriwing at x times projected earnings, on a graduated scale as the student gets closer to finishing their degree.
Let the market and competition decide tuition and watch it plummet.
Yes, it's something called Interest Inflation which I've explained about every 120 days for the last 6 years here.
Effectively, it is hyper-Monetary Inflation caused by government policies that is limited to a singular Market.
To cut tuition by 50%-75% all you have to do is eliminate all tax-payer backed guaranteed student loans.
That's it. That's how easy it is.
You can still have student loans, but they have to be Market-based with Market-based interest rates, figure anywhere from 9% to as much as 29% (like a credit card) in some cases, depending on the circumstances and local area markets.
Your housing is also over-inflated in price due to Interest Inflation from government policies.
End tax-payer backed mortgages, or put severe restrictions on such mortgages, such as no HELOCs, 2nd or 3rd Mortgages and no refinancing unless existing equity is preserved, and watch housing prices become more affordable for everyone.
I don't mind universities spending money to renovate dorms, libraries, and other facilities. These renovations, besides beautifying, are also for the health benefit of the students and faculty. Some of the old dorms and classrooms contained lead paint and asbestos. The ventilation of these old facilities were filled with mold. But much of the tuition increase seems to be going to administration and sports.
I think, if we are going to stop subsidizing the banks by guaranteeing college loans, that all loans should be directly from the Federal government at the government bond interest rate. The loans could be repaid by a 5 to 10% increase in the Federal income tax for the rest of the student's lives. Those that make a lot of money will help pay for the education of the kids that wanted to do something that does not involve grubbing for every dollar they can possible steal.
And yet somehow college is readily available in nearly all socialist European counties.
Must be some kinda magic!
Their professors and administrators are most likely not overpaid like they are here either.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
