As soon as the government took over the student loan programs from the banks, colleges and universities started raising their tuitions, knowing the government was paying now. Typical liberal idea.
As tuitions and ancillary costs like on-campus housing and cafeterias, took off, student loans got bigger and bigger just to pay for the greed of the universities.
Anytime the government is involved in anything, it is more expensive, usually much more expensive.
The solution is to throw it back into the private sector where completion will drive down the costs and, in turn, the student loan amounts.
Precisely. Also, where do 200,000 “starving” students find the fund to go on “spring break” at San Padre Island?
My “spring break” was more studying and working. Mom and dad were 1,000 miles away and I only got home at Christmas. The whole hedonistic, self-indulgent thing really hacks me off.
Then 75% of them will whine about spending all that money on a useless degree and nobody will hire them.