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I don't blame student loans, the professors (many of whom are foreign and you can't understand them). The cost increase lies in the administration salaries and costs.
Govt subsidized student loans.
Anyone catch on yet that whenever the govt subsidizes a market segment prices rise? See health care and home ownership for further examples.
Yep, anytime the government puts its grubby little fingers on something it becomes less effective and more expensive.
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Govt subsidized student loans.
Anyone catch on yet that whenever the govt subsidizes a market segment prices rise? See health care and home ownership for further examples.
How about farm subsidies? Do they increase food prices?
It's lack of subsidy that has caused college costs to increase. There is CLEAR data to support this.
Because there's nothing special about it considering your average college students want to major in something similar to basket weaving.
The demand went up for many liberals to graduate with their Communications degree and complain when they're 25 workin at Starbucks and can't get a job.
Check out Aaron's Clarey to understand further
Sigh. Significant but not close to average. Yes most kids do get "real" degrees. Yes there is a significant minority getting low demand degrees.
I recently spoke to student that was attending a college I had gone to myself back in the mid 70's. According to this student the tuition was $44,000.00. When I attended the same college in 1976 it was approx $1000.00. At that time I was making around $2.00 per hr. min wage and I could easily afford to pay tuition. However fast forward today theres no way I could afford to pay the current tuition at min wage. So over time what went wrong. Was it too much government involvement or other?
Yes blame the government. They are the ones making loans to everyone and their dog. Colleges use to be in charge of loans and the collections of those loans. So they cared about who received them. Keeping cost down was an incentive. Now they can raise their price and not worry much about the free market since they'll always get their money. Tuition 3k government pays. Next semester tuition 3.5k government pays.
Last edited by Loveshiscountry; 01-04-2017 at 03:16 PM..
How about farm subsidies? Do they increase food prices?
It's lack of subsidy that has caused college costs to increase. There is CLEAR data to support this.
lmao
When colleges made the loans and less were going, costs were lower.
Government got involved MORE people are going and costs have sky rocketed
This isn't the clear data example.
We know when the easy money concept is applied we have bubbles. There is CLEAR data to support this. Our economy was ruined by this exact same scheme (Congress bypassed the free market in Housing) less than 10 years ago and you still don't get it.
Clearly an unintended consequence of the student loan programs. And to a large degree the possible outcome was understood. Hence the ban on bankruptcy.
It is now irreversible and will likely lead to free or very inexpensive college education. Extend public schooling to K-20.
The states have simply taken advantage of unloading the costs to the students and their loans. It will all eventually become a sufficient drag on the economy that the loans will be forgiven or partially so...allow BK after 10 years or such.
It is irreversible as the college costs have greatly increased and their support from the states greatly decreased. And none of that is reversible.
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