The federal student loan program is the one single reason college tuition is so high. They are shoving money at those universities like its through a fire hose with guaranteed student loan funding.
What happens when any business starts getting tons of money for the product? The price goes up.
Partly. But the ratio of state supported funding to higher ed went from roughly 75% in 1995 to 30% in 2012. Tuition and fee increases didn’t even come close to closing the gap. Again, just glad I am retired and no longer having to go beg for money at the big house.
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