Mike CernovichVerified account

Tuition is high because colleges pay professors 100k and they turn around and let their tas teach for free

Oh yeah and we needed a football stadium and a new arena

The rising cost of college tuition is nothing more than an easy money policy leading to inflated asset values. And worse, the government is the enforcer for payback of the loans that are freely given out with little regards for ability to repay. Just like the mafia.

100% agree... Free market would crowd out useless majors and schools. STEM degrees would cost relatively less (higher income potential —> lower default rate —> lower interest rate). It’s corrosive to society when we sign up an 18yo for 226k in loans to get a job paying < 40k.

It is another example of what happens when government steps in. Quality goes down and price goes up.

raising interest rates aka unloading the costs onto people who don't borrow what they can't repay would much rather force schools to repay the loans from tuition they charge, watch garbage programs like gender studies evaporate.

Govt still guaranteeing the loans so doubt the interest rates go up.

Student housing is the biggest scam in America. They know exactly the max that students can borrow and take it all, then kickback to universities.

Ding ding ding!!!! Somebody gets it. See the 2008 housing crisis as a more extreme example of cheap credit causing an asset bubble.

Precisely. The more money students can borrow, the more colleges are able to charge. If you had a product where the buyer could borrow any amount of money from the government to buy it, how much would you charge?

Give Cuban a bit of credit. Unlike rest of the left, he’s TRYING to consider 2nd order effects.