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follow tovarichpeter 2018 Sep 12, 2:13pm
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Why is college in America so expensiveEasy credit student loans. With such money sloshing about, no college administrator wants to bother looking for ways to cut costs. The administrators would rather build monuments to themselves along with high salary and perks.
The solution, as with housing, is to increase supply instead of increasing demand via loans.
Education industrial complex needs a swift kick in the ass. Liberals created this shitty system.
College enrollment is down for I think the 7th straight year. Colleges that aren't top tier are hustling for students. Supply jsn't the problem.
The second problem was Bennet as education secretary under Reagan. He was fixated by the idea that only degree granting institutions should get federal money.
The third problem is that the amount of government money to subsidize colleges has dropped through the floor since the 60's. Direct money to the colleges from states and federal government has almost disappeared. Many states put large amounts of money into the state college system.in the 50's, 60's, and 70's. That is gone and is made up with student loans.
colleges started marketing themselves attract more and more students and ended up spending insane amounts to make themselves appealing.
The third problem is that the amount of government money to subsidize colleges has dropped through the floor since the 60's