HappySqurriel on 17 September 2009
For awhile I have wondered if education in the United States seems so expensive because with how readily available student loans are schools don't have to charge reasonable tuitions. At the highest end of the tuition scale a person will pay about $35,000 for a year which works out to being around $60 per hour of education, and when you factor in the number of students in these classes the University is grossing well over $1000 (probably over $2000) per hour of lecture time they provide. Now these schools should be able to charge what they can get, but I highly doubt many schools would be able to get thousands of dollars per hour of education if it wasn't for low interest loans that are designed to be "easy" to pay back.
