Originally Posted by Loneiguana
It is not access to loans that is driving up the cost of College. It is simple market forces, supple and demand, that are driving up the cost.
The college degree is about as useful as a high school degree forty or even thirty years ago. You are almost required to have a college degree for the most basic of jobs.
Colleges and universities know this, they sell it. Were you told about Community colleges in High School? We tell every single high school graduate to go to college. Because everyone and their parents think you need a degree to do anything (which to an extent you do). Colleges can continue to charge whatever the want. The people will pay it. The Loans you talk about, those are just a means to meet the payment.
You can compare it to a monopoly in a way. College will can charge whatever price they want because there is no check on demand.
I know you want to blame the government for everything, but even without government loans the cost would still be skyrocketing. Colleges have the market cornered, if you want the high paying jobs, you have to get a degree, so you will pay their costs.
Nope, you're wrong about this. You're focusing on symptoms instead of the underlying problem. All the issues you focus on grew out of the fact that the government flooded the market with easy money. Demand was increased because it was easier to pay for college. People started to think you needed a degree because everyone was getting one since it was easier to pay for it.
Colleges are simply soaking up all that money that's been injected into the system.
“[Cruz] might not be the most fun to have a drink at the bar with, but America needs a designated driver.” - Mica Mosbacher, wife of the late Robert Mosbacher, Secretary of Commerce