“For every additional $100 in government loans to students, colleges raised tuition $65”

Mike Rowe quote on Education, Jobs and Debt.

If one wants to fix the college cost problem one would do more good by eliminating federal aid than by expanding it. Easy credit to students is inflating tuition costs and thereby forcing (well not forcing) students to take on ever more debt. But the administrators and tenured professors sure like it.

Something needs to pop this thing. I have kids headed to college in the not so distant future and right now, college, at least the tuition side of things looks like a big scam. It’s one thing to be a sucker. It’s another to be a sucker for a quarter of a million dollars.

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