Msg. 62374 of 65535 (This msg. is a reply to
62367 by
Beldin)
Jump:
re: "The colleges felt it was safe to ratchet up the tuition rates because, after all, the students can afford it..."
It's very similar to the problem with ubiquitous insurance - which, ironically given the times, is at the heart of our problem with skyrocketing medical expenses.
When money is made available too easily... bureaucratically, it ceases to have its normal impact on people's lives. Those who first obtain it spend it too liberally. Those who sell their wares in exchange for it tend to charge what the liberal market will bear. There is a blunting, numbing effect. The money, which feels free, ultimately gets blown. Prices soar.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
"If you are a significant taxpayer and sent your son to a non-private university, you probably paid for considerably MORE than 100 percent of it."
Yes and yes.
One of the things that is driving up college costs are government-sponsored student loans. The colleges felt it was safe to ratchet up the tuition rates because, after all, the students can afford it by simply taking on more "low-rate" student loans that they can pay off later ... when, after getting a sheepskin from our prestigious institution of higher education and snake oil salesmanship, they will most certainly become a captain of industry in no time at all and be able to to pay it all back in short order. These sanctimonious, ivory tower bastards actually think that student loans are a form of student aid that they can lay claim to providing! Meanwhile, they're back in the college vaults counting the earnings on their billion dollar endowments like Scrooge McDuck.
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