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To: Parmy
The only reason college tuition rose at 10 times the rate of inflation was because the colleges knew that their dumb 18-year old customers would borrow whatever the colleges decided to charge.

If the easy loans had not been there, the unsustainable tuition inflation would never have occurred.

12 posted on 02/13/2018 10:26:03 AM PST by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
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To: E. Pluribus Unum
I remember an article when Yale became the first school to break the $25K "barrier". It didn't hurt them, so all the other schools followed suit.

My ex went to Bennington, and tuition there was probably $14K when I, okay, my parents, were paying $1K for me to go to a state school. By the end of four years, it was up to $1500/year tuition.

24 posted on 02/13/2018 11:00:35 AM PST by Calvin Locke
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To: E. Pluribus Unum
The only reason college tuition rose at 10 times the rate of inflation was because the colleges knew that their dumb 18-year old customers would borrow whatever the colleges decided to charge.

Add federal goverment loan guarantees, and we are off to the races.

42 posted on 02/13/2018 12:47:41 PM PST by Mr.Unique (The government, by its very nature, cannot give except what it first takes.)
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