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To: ctdonath2

Look Fauxahautis is crazy but the problem of runaway tuition inflation IS REAL.


54 posted on 01/24/2020 7:10:58 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Runaway tuition inflation is real because gov’t compels ways to throw even more money at it.

If people will pay more for limited supply X, not unreasonable for provider to increase price of X.

Gov’t took over the student loan industry, eliminating any capitalistic “supply and demand” curbs to excessive tuition costs.
Gov’t drove interest rates down extremely low, and added vast “grace periods” to make huge loans palatable (at age 20, thirty years is forever; at age 50, that’s not long, and “been there done that”), and distorted supply further by pretty much blindly handing out loans to anyone who asks.

Want tuition costs to drop?
Stop making it so easy to get an enormous loan that’s difficult/unlikely to get repaid.
Say “no”.
Parents must tell prospective students that huge debts are stupid.

Overall, our society has normalized “swipe/sign here, get what you want” debt.
Overall, our society must reject such debt.


79 posted on 01/24/2020 7:45:26 AM PST by ctdonath2 (Democrats oppose democracy.)
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