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College and University Discussion
Reply to "Just calculated projected college costs for my kid and almost vomited"
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[quote=Anonymous]OP here. So I mentioned this to DH, who has worked in higher ed. He said the number one thing that will stop all of this is to get rid of private student loans entirely. He said as soon as students can only take out loans up to the federal limit, "tuition will crater back down immediately." Similarly to what some of you have said, he said the biggest driver of tuition increases is the ability for students to borrow a ton of money. He also said that if you can discharge loans in bankruptcy, that will reduce banks' incentive to give out these loans like candy. [/quote]
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