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.

  • originalucifer@moist.catsweat.com
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    11 hours ago

    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.

    • Bronzebeard@lemm.ee
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      11 hours ago

      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

      • bluGill@fedia.io
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        10 hours ago

        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.

        • Bronzebeard@lemm.ee
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          9 hours ago

          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