@BillRM,
BillRM wrote:
The problem is the government back loans had taken away the need for universities to control their costs and as a result the cost of a four years degree had been going up at doubt the rate of inflation for generations now.
Young people seems not to understand what it mean to take on such large debts as paying it off is too far in the future for that to hit them to the degree it should.
We had created an education bubble similar to the old housing bubble but there will be no need for the government to come in at the last minute to rescue the banks as it is already the government who is backing these loans.
As the government is in fact already paying for those degrees they should used the power of the purse to force the universities to control their costs
I wholeheartedly agree that tuition costs are way too high. Especially in public colleges.
But, people have the right to receive an honest wage, right? Do students want to go to a college that rents a room at the YMCA and has john the janitorial engineer who teaches as his second job? Or, do students want to go to a place secluded from the real world and have professors that perform world class research in the very topics they teach their students?
It's a touchy situation and I have no real solutions to it.
