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by xdracon 4577 days ago
"The bottom line: For the large majority of college students, rising tuitions have nothing to do with the availability of student loans or Pell Grants. What’s happening, instead, is that the burden of paying for college that was previously provided directly by government has now been shifted onto the backs of students, in the form of crippling debt."

http://www.salon.com/2012/05/11/tuition_is_too_damn_high/

3 comments

So you're telling me... in your country, making more debt financing available and then seeing people go into more debt doesn't trigger any thoughts of causality?

So you're telling me... after seeing an explosion in housing prices after more debt financing was made available, it's not conceivable that the same dynamic is at play in education?

Hmmmm.

I have never seen evidence of this. There is evidence to the contrary, that the real cost of college is rising, and that students and government have both been increasing spending.[1][2]

[1] http://en.wikipedia.org/wiki/File:College_Tuition_State_Fund...

[2] http://blog.collegetuitioncompare.com/2012/12/college-revenu...

Capitalism at its finest. If the Democrats have their way we'll be paying to send every single person to college for free too.
wtf was I thinking here?