Why is Higher Education So Expensive? | |
Anonymous Coward User ID: 14219120 United States 12/11/2012 12:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17444403 United States 12/11/2012 12:38 PM Report Abusive Post Report Copyright Violation | just like housing, when the feds decided to monetize college tuition out over 30 years it created a huge bubble where "everyone" could get a loan for education. This increased demand was not unnoticed by the educational system which ratcheted up the cost (and became incredibly wealthy). Whenever you have easy money chasing goods or services you will immediately get price inflation. Compare the cost of an American University to any other in the world, it is frikin ridiculous. the central bank, FED creates and pops bubbles all the time, always profiting immensely no matter the direction of fall or gain. We are just pawns on their chessboards. |
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Anonymous Coward User ID: 28434948 United States 12/11/2012 12:59 PM Report Abusive Post Report Copyright Violation | It is terribly expensive! I have a daughter who will be attending next fall, and honestly I have been secretly hoping shtf so I don't have to pay so much damn money for her to go! I had to pay my way through college and it took me six years to get my degree and I'm still paying off student loans! I was hoping she wouldn't have to saddle herself with any debt while getting her education because she wants to go into a relatively low paying field as a wildlife biologist. What do we do? She's been offered some scholarships, but the tuition and living expenses will still be $20,000 a year for that school after scholarships! It really sucks I tell you! |
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Anonymous Coward User ID: 29004976 United States 12/11/2012 01:40 PM Report Abusive Post Report Copyright Violation | Because loan money is available. The schools therefore take advantage of this and push up prices higher than they should be. Same thing that doctors did once people started being covered by Medicare, private ins,, etc. For houses.........if no mortgage money was available......then the price of the house would be much closer to the actual cost of production. |
Anonymous Coward User ID: 23182389 United States 12/11/2012 01:44 PM Report Abusive Post Report Copyright Violation | Because loan money is available. Quoting: Anonymous Coward 29004976 The schools therefore take advantage of this and push up prices higher than they should be. Same thing that doctors did once people started being covered by Medicare, private ins,, etc. For houses.........if no mortgage money was available......then the price of the house would be much closer to the actual cost of production. BINGO! Thomas Jefferson warned against private central banking... I was reading The 5000 Year Leap [link to www.amazon.com] on why the founding fathers were so against private central banking was because of the very same reason you listed. Boom and bust. Repeat because of printing money out of thin air... |
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