Jacobtm
Sr. Member
Posts: 3,216
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« on: October 24, 2011, 07:16:37 AM » |
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« edited: October 24, 2011, 07:24:54 AM by Jacobtm »
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Paul is right, federal loans cause tuition to increase, and students to end up in more debt.
If your only goal is to lower the cost of college, reducing loan availability will work. But it will also mean fewer college educated people.
Ideally the state would provide plentiful quality public universities with reasonable tuition and scholarships for the poor, to further compete down the price of private universities.
Though it is amazing that in NY, with plenty of quality colleges that charge about $7,000 a year in tuition, that people still opt to spend $45,000 a year. If there weren't student loans and instead you had to fork over $45,000 each year, obviously only a few thousand people in the country could afford that, so tuition would have to drop.
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