patrick.net

FortWayne says

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.

That would only work if you set a quota on the number of foreign students a college could accept. As the developing world gets richer, more and more people can send their kids to college, but they want an American college, as those are still the best. If you limited financial aid, some colleges prices would drop, but the quality colleges would have plenty of foreign students to keep their seats filled. Without a quota, the result would be that half of colleges would drop their prices, but only the half whose degrees aren't worth much anyway. That is where America's students without rich parents would go.

God Bless America. The Greatest Country in the World (tm).

Doubling from 3.2% to 6.4%. 6.4% is still low plus the interest payment is tax deducible. Sure it's more than a house but if you have 100k in student loans and no job then maybe it's comparable to someone who paid 0 down on a house they couldn't afford in the first place. Plus from what I've seen most students borrow more than just for their tuition and books, they borrow additional funds for living instead of getting a job and working while in school. I wonder what kind of education they are really getting when knowing up front finding a job in certain major areas may prove to be difficult. It's common sense that's for free.

At least with cannibal anarchy they go down fighting.