Quote from: TECSHARE on November 30, 2019, 11:48:29 PM

Quote from: TwitchySeal on November 30, 2019, 08:59:38 PM

Quote from: TECSHARE on November 30, 2019, 08:22:24 PM

End federal subsidies and loans. For every dollar a school accepts of federal funds they are required to maintain a certain percentage of private funding. Since a very big portion of this funding ends up coming from federal sources, the end result is they are constantly required to jack up tuition prices to meet the minimal private funding level. Once this is changed so many other issues will begin solving themselves.

Too many people who don't belong in college are burning vast resources to get degrees in underwater lesbian basket weaving and then doing nothing with the degree and ending up in massive debt. The current educational system is one big lesson in inflation.

I really don't think the federal loan program is that big of a factor, and isn't it a profitable program overall anyway? The loans aren't that big, and even if the student gets buried in private loans they can't make payments on the government loans will still get paid. I think the max an undergrad student can get in subsidized loans is $5k a year for 4 years and they have to be enrolled as a full time student. If the kid ends up making even 10% more over the period of an average life with an average income, that's a great return when you add up all the extra income tax.

Unfortunately what you think is irrelevant, the fact is federal loans and grants with accompanying private funding requirements have been proven to drive up tuition costs. Of course you would have to have a basic understanding of economics and bother to look first instead of just assuming to be correct to understand this.

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/

https://slate.com/business/2015/09/student-loans-drive-up-college-costs-what-should-we-do-about-it.html

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf

Yeah, I wasn't saying that student loans don't drive up the costs. They obviously do. I don't think getting rid of the federally funded loans, especially the subsidized ones would solve much, at least not for the public schools. I guess limiting them to only non-private schools might be a good idea though.

Interesting Report there: