Quote:
Originally Posted by maestrom
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You haven't gone to grad school in the last 3 years have you?
Federally subsidized loans were recently eliminated for grad school programs ~3 years ago. Enrollment is still going up, tuition is still outpacing inflation.
The federal subsidies are a drop in the bucket of the cost of college and are not a significant driver in tuition costs.
If your undergrad degree wasn't hard enough then you probably could have (should have?) gone to a better school. I bet you went to the school you did because of costs though.
The problem is, ability to pay for school isn't always tied with ability to succeed in school. We should have an environment where people go to schools where the only consideration they have is will they get the educational experience that is right for them. If you're smart enough to take advantage of a top tier school, then you should be able to go to a top tier school and not have to wonder about whether you'd be able to pay for it.
Loans have been a step in the correct direction. Credit allows smart poor people to fund their educations. But it falls short because of the risk in the employment market. And has the unintended consequence of increasing price for everyone as demand for college goes up.
A better solution is one that lets people go to the school that lines up with their abilities without saddling them with debt. Establish real dollar price controls on public universities. Or just have a medicare-style single payer system for college education.
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This is a great post considering the realities of what it like out there.
Great post.