How high will college tuitions go now?
It's official! Students can now filch out on their loans. They sky's the limit on tuition! Yipeeee!
Welcome to the United States of Zimbabwe. 🤓
Welcome to the United States of Zimbabwe. 🤓
56-60, F
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Neoerectus · M
States and fed govt used to subsidize education. This is just a diff. way. If loan vendors had not been so corrupt and incompetent the issue would be less. I know from my own experience that vendors/USDE unilaterally change conditions of loans illegally. when changed from one vendor to another they 'conveniently' lost payment records. Luckily, from a couple FOIA requests I had the data on the letterhead.
The single largest price driver is that the same colleges that get the money also serve as the qualifier and disburser of loans...MAJOR conflict of interest. Fox guarding the chicken coop. Small wonder college costs skyrocketed in multiples of the background cost of living increases.
The single largest price driver is that the same colleges that get the money also serve as the qualifier and disburser of loans...MAJOR conflict of interest. Fox guarding the chicken coop. Small wonder college costs skyrocketed in multiples of the background cost of living increases.
Heartlander · 80-89, M
@Neoerectus
Actually, it starts with government backing of those loans and manipulating bank regulations to make them no risk investments to bankers.
They do the same thing with home mortgages. It damn near triggered another depression just 15 years ago.
If loan vendors had not been so corrupt and incompetent
Actually, it starts with government backing of those loans and manipulating bank regulations to make them no risk investments to bankers.
They do the same thing with home mortgages. It damn near triggered another depression just 15 years ago.
Neoerectus · M
@Heartlander Mine were direct federal loans.
I honestly think college or trade schools should be free at public schools as an investment in the country. Of course I also think courses in entrepreneurialism should be required for all as part of this curricula.
I also think no business is too big to fail. we have done far more corporate welfare that has enriched the few to the detriment of the masses... I include bloated govt contracts...eg DoD contracts.
I honestly think college or trade schools should be free at public schools as an investment in the country. Of course I also think courses in entrepreneurialism should be required for all as part of this curricula.
I also think no business is too big to fail. we have done far more corporate welfare that has enriched the few to the detriment of the masses... I include bloated govt contracts...eg DoD contracts.
Heartlander · 80-89, M
@Neoerectus They were practically free in the 1950s and 60s. My student activity fee was actually higher than the tuition. The big cost was room and board, But that was no different whether you were a student or not.