Downward Spiral Galaxy
Apr 22 · 1 min read

Tuition's went up because the Federal Government (i.e. Clinton-Gore in 93) decided to backstop student loans via Sallie Mae. That increased the base of students eligible for financing, which gave the colleges increased funding. So…tuitions went up. The knee jerk reaction should be that the Fed needs to get out of the loan business altogether (long term). Colleges have enjoyed an artificially low ‘beta’ on tuition revenue growth. It needs to be more realistic, which will eventually drive back down the size of colleges used to providing 5 star branded cafeterias, and other pricey amenities.

Just like health care, the government (Dems in particular) are more interested in just scrounging up money from taxpayers to pay for things, with out having any interest in addressing why these things cost so much to begin with.

    Downward Spiral Galaxy

    Written by