Comment by sgustard
10 months ago
"Most financial experts attribute he sudden increases that started in the 1970s with an influx of federal funding designed to make college more affordable."
10 months ago
"Most financial experts attribute he sudden increases that started in the 1970s with an influx of federal funding designed to make college more affordable."
Expensive things can be affordable. A house is expensive, but with stable employment and a bank loan you can afford it.
When we're talking about college costs, public schools are really the only institutions that matter. The Ivies (or even Ivy+) are a rounding error compared to the big midwestern land-grant universities and the UC and Cal State systems.
States have substantially reduced their per-student support for universities: https://www.ppic.org/publication/higher-education-funding-in...
This coincides with federal funding programs, but student loans are famously not dischargeable, which makes them more instruments of social control than conventional financial vehicles.