Most sudent loans are gov subsidized.
IMHO it's not the market, but the student loan system, and academia's bizarre assertion that it has the right to plunder the assets of its customer's parents, that's allowed higher education costs to sky-rocket.
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@primalpoly is 100% correct. Anything subsidized by gov tends to increase in cost. Examples: 1) housing balloon was arguably driven by low interest rates, ie gov subsidy. 2) medical costs driven up by gov mandated insur, 3) college tuition driven up by student loans backed by govThanks. Twitter will use this to make your timeline better. UndoUndo
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The schools have no accountability if their students fail to repay their loans. They are SHELTERED FROM the market.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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