One of the problems of college tution stems from the notion of “borrowing” money to attend. Since they know you can get the money they jack the rates up, it used to cost me only a few hundred a semester when I went school and you could make that in the summer and attend the whole year focused on your studies without having to work, today you are expected to borrow as much as the purchase of a house, why would anyone do that if they could just buy a house and still have the value, not to say education has no value, but it maybe not worht hundreds of thousands of dollars.
I agree with you...it seems the idea is to get everyone in this country in debt up to their eyeballs as soon as possible through car loans, home loans, credit cards and education debt.
Why not learn the skills you need to do a particular job on your own, work the four years you would have attended college and have four years experience on your peers that majored in art history with a minor in english.
Education is a waste of time unless you are pursuing engineering, finance or law (and preferably two of the three.) In my opinion, it is hard to make a case for paying today’s tuition for any of the liberal arts programs.
The reason schoools have hyper inflation on tuition is that the loan is not dischargable in bankruptcy.
You can never escape short of death or defacto death.
Student loans should be 100% dischargable in bankruptcy after five years AND the school lose the money. This will eliminate the worthless departments that have cropped up.
Government lending is just federalizing all universities.