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by johnnyanmac 1017 days ago
>Look, the cost comes from somewhere.

yeah, the government let a private corporation manage it, and they lobbied for laws to make sure their loans are un-defaultable. It's just free, guaranteed money for them.

And college isn't getting more expensive because of higher costs, it's getting more expensive because they can add a bunch of fancy amenties that are used as advertisement, even if it doesn't directly help with the education aspect. Even 10 years ago there were thousands of dollars of costs per semester on misc. fees that I couldn't opt out of. it was basically a tax from my school.

So yeah, the cost comes from somewhere, and both the funders and the beneficiaries have every incentive to bloat it.