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re: I don’t get why it is more costly for colleges to educate students now vs the 70s/80s
Posted on 5/1/22 at 11:15 am to HailHailtoMichigan!
Posted on 5/1/22 at 11:15 am to HailHailtoMichigan!
quote:
Explain to me why a school like LSU could give a 1970s student a 4 year education/degree at 4 times less the cost as a 2022 student
Government backed student loans
0
Posted on 5/1/22 at 11:17 am to HailHailtoMichigan!
What does a textbook cost these days? Do they even still use textbooks? There used to be bookstores all over selling them and then buying them back at the end of the semester - I haven't seen one in a decade at least.
Posted on 5/1/22 at 1:47 pm to HailHailtoMichigan!
It is all a racket for the money lenders
Tuition goes up... kids need loans to pay it... Tuition goes up again... more loans... Tuition goes up again... more loans.
The Federal Government will gladly lend out any amount of money to students. Essentially passing on their debt to the Federal Reserve onto students.
The demand for college has been artificially instilled in kids so much so they will incur debt to go to college to get any kind of degree because their guidance counselors simply tell them college is a requirement.
Supply has kept up as well. Colleges were at maximum capacity then they started manufacturing degrees in any soft science you could think of.
It's all a pyramid scheme and when it all topples over who knows what will happen.
Tuition goes up... kids need loans to pay it... Tuition goes up again... more loans... Tuition goes up again... more loans.
The Federal Government will gladly lend out any amount of money to students. Essentially passing on their debt to the Federal Reserve onto students.
The demand for college has been artificially instilled in kids so much so they will incur debt to go to college to get any kind of degree because their guidance counselors simply tell them college is a requirement.
Supply has kept up as well. Colleges were at maximum capacity then they started manufacturing degrees in any soft science you could think of.
It's all a pyramid scheme and when it all topples over who knows what will happen.
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