I actually believe that it began with the free government PELL grants. That led the charge by allowing the universities to jack up their rates. The middle class kids then took out the student loans because they could no longer afford it and didn’t qualify for the trough.
Had the student loans not been so readily available, that would’ve helped put the brakes on the whole mess a long time ago as students simply refused to feed the pig. As it is, the loans added gasoline to the raging fire.
“As it is, the loans added gasoline to the raging fire.”
LOANS? I thought it was free!!?? Like obamacare is!? (I know people that STILL think that.)
The laws of “supply and demand” get really screwed up when the gov’t. gets involved.
Yep.
But even with the system we have now, if we simply stopped with the government subsidies of various types, community colleges would immediately have a higher caliber of student—just like the state colleges had in the old days before everyone went to a four-year school.