Comment by chiefalchemist
3 years ago
The same rules apply to college loans. The loans increased demand and allows the market to bear higher prices. What happened next should be a mystery. Yet the plan to fix it is either debt forgiveness (not a solution per se) or more loans.
The failure to see the pattern is a failure of the US higher edu system. The irony funny. Sad but funny.
Is it a failure to see the pattern? Or are they actively seeking higher revenue, whether or not it hurts the long term prospects of the students?
The people. I'm talking about "activists" push for more loans to make college "more affordable."
The gov making cheap loans more available doesn't increase availability. It simply drives up price. Which means more larger loans, etc.
The only winner. The Banks.