What is the liberal explanation for why college costs have exploded?

Evil corporate fat cats.

The left will tell you that state and federal subsidies to universities have decreased dramatically. In other words, public universities have had funding cut drastically, meaning students have to pay more in tuition.

The truth is, administrative positions/salaries have ballooned, through federal programs like Title IX or student-voted initiatives like life coaching centers, Black Student Unions and Diversity & Inclusion education. Students almost ALWAYS vote to increase their own tuition, then get mad when they incur student debt.

Show me the last Republican or “conservative” that did anything to squash this problem.

As a 28yr old that has 30k in student debt and came from a family that defines middle class, I despise what has become of the educational loan system. I’ve already paid off $10k in my few years post grad. I am not even remotely in the same group as the entirety of my generation. I’m looking forward to paying for every penny of the choice I made and signed off on.

Tuition has sky rocketed in universities because of this arms race of amenities and even athletics. I hate that college is being pushed to ever single fricking person.
I hope a presidential nominee has the balls to cut off the Fed loan program. Grandfather some in as a plan and shut the valve off 3-5yrs later.

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Show me the last Republican or “conservative” that did anything to squash this problem.

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The word is "quash."

And that’s when you know the actual point hits home, when the grammar nazi has to defend the OP homeland.

Their explanation is that state governments have cut funding to higher education (which is true), but that pales in comparison to price increases.

Unfortunately it's two-pronged, at the local level and through actual federal subsidization. On the latter category, the GOP has actually tried to angle for reform recently, which I think would slow down the issue but not solve the entire problem.

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CollegeFBRules

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Since apparently, you can't read, I'll restate the OP. It didn't posit who was causing or solving the college cost explosion. It asked what you think is CAUSING it.

Sheesh.

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Tool shed called, it’s missing its loose screw.

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Well. We're almost done with page 1 and you've still not even attempted to answer the OP.

Perhaps it is you the shed is looking for.