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irstupid on 19 September 2017
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sethnintendo said:
irstupid said:

Both things that have drastically increased the more the Government has tried to 'fix' them. Anytime the government tries to fix things because they think it is too expensive for some or all, it ends up becoming way more expensive than before. With the more expensive school, they need to give out more grants, or make laws that banks have to give out more loans.

Then they will spin it to a victory somehow by saying "We gave away a million more grants this year than last year, or more people were able to get a school loan than ever before"

Meanwhile the schools knowing they now have a ton more potential students who can get grants/loans will just continue to increase prices, cause the government is basically guaranteeing that they will find a way to get kids to pay that.

I call bullshit.  Look at the state of Texas and college tuition here.  Good old George W and republicans took off the caps of tuition increase per year in the state of Texas.  You know what happened when the caps were removed?  Cost of tuition increased through the roof.

The college I went to in early 2000s (state not private) was about 3-4k in tuition per year.  It is about 10k in tuition alone per year now. I believe in the early 80s it was a few thousands if that to get a degree. 

https://www.depts.ttu.edu/financialaid/costToAttend.php

So much for letting the free market solve itself.  How's all those monopolies going now?  Why don't we just let companies form monopolies in telecom, cable, pharma, or any other industry.  What's the need of a trust bust?  You are so worried about getting ruled by the government you let all the companies merge into one big shit storm.  Have fucking fun because guess what?  Reality is shit

Caps on tuition don't solve the problem. A school can charge whatever the hell it wants, imo. If it costs too much, then people could not afford to go and enrollment would decrease, forcing them to reduce cost.

The reason they CAN raise the costs is because the government made it so that the poorest of the poor can go into huge debt. Like 90% of my friends all were paying for their school completely through loans. They and their families could not afford the school at all. Didn't matter if the school cost 3k a semester or 30k a semester, they would just get loans to cover it. No one got denied loans.

Now if they were more strick on handing out loans, or capping loan amounts, then schools could not charge whatever the hell they wanted. If I could only get a 20k a year loan, I could not afford to go to a 40k a year school. That school would be forced to lower its prices so they could fill enrollment. But since I can get a 40k a year loan, the school can charge that amount. In both scenerios, my situation is the same. I'm not from a richer or poorer family, I dont' have anymore or less colateral, my cosigner is the same, ect. They just let me take out a bigger loan for no reason other than I said the school I am going to costs more. The schools KNOW that students can take out rediculous loans and thus they know they can raise tuition.

Your thinking is backwards. Don't cap the schools limit on charging tuition, the market will self regulate that. There are only so many rich people that could afford super high tuition. Cap the limit on loans though. WIth unlimited loans, essentially everyone becomes super rich, thus the schools charge/raise tuition as if everyone is super rich. They don't care that everyone graduates with 50k+ in loans, because they are guaranteed that money. Did you know you can declare bankrupcy on everything in life except school loans. So not only the schools, but the loaners are guaranteed to always get their money, thus why they hand it out like candy to anyone who asks.