The reason college tuition and fees have exploded the past 2 decades is because of the availability of cheap and easy loans backed by the government. When everyone and anyone can get $100k loans for college tuition, what else would you expect?Oh, wait. I wrote that. I've been ranting about it for years.
Next bubble to pop: Think tanks with lots of highly paid "fellows" who state their opinions on the painfully obvious, usually long after those of us in the real world know what's going on.
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I went back to my university some years ago, and my, how things have changed. No wonder it's costly. Beautiful new buildings (Saddam's Palaces, I like to call many of these, not just at Uni level but a lot of public schools), dorms with... air conditioning! Beautiful student union buildings, stadium that rivals pro fields.
(Oh wait, these stadiums might actually bring in enough money to cover them, right?)
There were beautiful schools like that when I was looking to go to Uni, but my dad saw their tuition rates and said basically "not a chance, slacker".
Ha! The joke would be on him these days because I could just get a huge student loan to pay for any college I wanted! Oh wait, maybe joke wouldn't actually be on *him* in the long term, would it?
Here's an idea to toss about. Treat student loans like other loans ought to be treated as well: On ability to pay them back. Loan for med school or engineering, sure thing. If your grades are up. Uh wait, loan for social work?
"Uh, no, we can't give you that much, son. You'll be in debt the rest of your life with no way to pay that back on a social worker's salary. If you want to do social work, and you can't pay our $32k private tuition, you'll need to go to your more affordable community college instead."
Oh, the howls of discrimination that would bring!
Went to the priciest school in my state (www.davidson.edu)
Every friend I have from there agrees it is a nice place, but the tuition is not worth it (if you have to pay full price)
My greatest regret is skipping ROTC - I could have had the last 2 years completely paid by the gubbermint.
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