For the record, I’m not American nor live in the US, but I have a 19-year-old son who started attending the University of Chicago this year, studying economics. Just the tuition itself is $70k. My husband and I are lucky enough to be able to afford it - I still believe it’s an outrageous amount of money to attend college.
I’m sure it’s not the sole factor, but universities in many other parts of the world are partially subsidised by the government.
Yeah, in our country university is free if you get high enough grades in the end of high school exams and then if you maintain high enough grades throughout university. Even if you don’t the tuition is affordable for virtually everybody. Like the equivalent of ~$1k per year for most degrees with some exceptions like medicine. A kid could make that in a month working a summer job.
its the opposite of that.
its that the unsecured ‘loans’ provided to ignorant kids for schooling are immune to be disgorged by bankruptcy. so they are abused by agencies providing the loans, and the schools who know those loans are forever financed.
its taking advantage of children, basically. but its a-ok, because profit.
Not really the opposite. We used to subsidize higher education. The non expungable debt was part of the “fix” for that issue that Reagan caused
We didn’t used to fund to the tune of $70k per student though. Something just isn’t adding up, but I have no idea what.
Bloated administration took advantage of the guaranteed federal money that was the idiotic fix for exploding college prices after the public funding stopped. Which only made prices increase more
That, and the loan system.