[veryworried]

Tuition will not drop until we see a tightening on student loans. As long as lenders are giving out vast sums of money to kids with no job and no credit, there is no reason to drop tuition prices.

Higher tuition wouldn’t really be a problem if it weren’t for the fact that many people who take on these massive debts are later unable to secure high paying jobs that let them pay it off in a timely fashion, turning them into debt slaves for the better part of their life (or maybe all of it). That’s the risk you take though.

[cmurf]

Or if student loans were dischargeable in bankruptcy.

[veryworried]

Too late for that now. These debts can never be discharged without grave consequences for the economy.