Don’t be fooled. All colleges are for profit institutions. They may not have stock holders but they do have Presidents and football coaches making millions a year. And many of the professors are taking home big checks as well, not to mention the very well paid staff in charge of the endowment.
Colleges are big business. Whether they are state run or private, they have huge cashflow and huge cash reserves plus they sit on very expensive land which they rarely pay taxes for.
After sending 4 kids to college and paying for everything I can tell you, the most expensive colleges are not the best. They are just the most expensive. A course in calculus is the same at Harvard or Northern Illinois. Your kid is going to learn to drink beer at either just as well.
I do agree that the US should not be the one to guarantee student debt. It should be the schools themselves.
No; IT SHOULD BE THE STUDENT!