But we had a system where public colleges were cheap as hell and there was no student loan debt crisis until Republican governors like Ronald Reagan slashed funding for those schools and basically created the environment for these schools to begin behaving like businesses which led to the cash grab for the student loan money.They're not just doing things for the fukk of it. Decreasing gov't subsidies on loans and having colleges work more like a "normal market" is a viable solution in their eyes. Their logic is this -- college tuition is high because Gov't is artificially meeting the demand at said price by providing subsidies/loans, which removes any incentive for the market to lower prices, naturally. You remove/lower the subsidies than competing colleges have an incentive to lower prices because consumers will not be able to pay at the current price that colleges charge, and lowering prices would attract business away from competitors which would increase profits.
Just expecting schools to start lowering prices on their own when they have been free to raise costs at will is naive and decreasing student loan dollars isn't the best option either. If schools are raising costs because they figure that will get them more student loan money then add strings to the dissemination of student loans.
Any school that inflates costs without valid provable reasons will be shut out of the student loan money pool. Competent oversight is what is needed not overzealous slashing of student loan funding.






is obsessively shyt talking on twitter at 3am and then forsaking sleep so they continue shyt talking on evil's favorite morning show.
