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bubblesitter
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2012 May 8, 1:10am
Crap. What is happening to this country. They are squeezing money out of kids to keep up their current life style.
FortWayne
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2012 May 8, 1:20am
Why can't the government get colleges to just lower tuition?
Best way they can reduce tuition is to reduce how much money anyone can borrow to pay for it. Less money available for tuition will cause markets to realign and reduce the cost of education.
But I don't think the goal is affordable education, healthcare, housing. If they wanted that, they'd have that done long ago.
GUAB
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2012 May 8, 1:23am
What do you think happens if the university determines that their student base can afford $20,000 and the government comes in and says oh well now we will pay $10,000 of that. Does that change the price? Of course not -- because now the student can afford $20,000 + $10,000 = $30,000 so prices go up.
Eliminate subsidies.
Reduce borrowing limits.
Universities have control over their tuition and costs. As long as they have control over that, and subsidies/borrowing limits are not eliminated/controlled -- you will have a continuing problem.
^^ This is a drastic oversimplification of course but you get the idea.
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http://money.cnn.com/2012/05/08/pf/college/Congress-student-loans/index.htm?hpt=hp_t3
So much money is already being tied up in college loans, and now that percentage might double? Why can't the government get colleges to just lower tuition? Most of the country is, and is going to to be, tied up in these awful loans...no wonder house prices keep dropping! How can anyone afford a house if they're drowning in student loan debt?