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by dantheman
6060 days ago
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Once again, this is where government intervention into the market is causing adverse side effects. If there wasn't a student loan system, their would be no way for students to finance their education and thus colleges would have to cut costs to become affordable. When students can borrow and pay whatever exorbitant prices prices will continue to inflate as everyone bids up the price.
Additionally, we are seeing the costs of goods that are produced in America increase (education, healthcare, housing) because they do not have the returns to scale as other industries. |
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