Originally Posted by La literatura
Still, the IBR plan is a good policy because although we may have a lot of litigators or 26 year olds who dig through boxes of papers, there are a lot of segments of society that do need lawyers. Like small communities with old men running a county firm.
I'm not saying zero government support for college and other higher education tuition, but the massive support, when it's basically the colleges deciding who will get the support, with the feds writing a blank check, is creating massive economic distortions, including burdening the same students they're trying to help with more and more debt.
Why do you think tuition goes up 8% every year like clockwork? Easy, it's because society has a screwed up understanding of the value of a college degree, and the colleges have NO RISK that their students won't pay the tuition. The repayment risk is entirely on the students and the federal government, so why not fleece them for every dime?