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[quote=Anonymous][quote=Anonymous]

It's just common sense.

Why can schools charge so much tuition now? Because they can fill their classes with people who can give them the money. However, most people can't give them full-price from their own personal accounts. So they take out loans and the schools get some combination of parents' money and the bank's money.

What happens if the bank's money disappears? The parents' money isn't going to replace that difference, so schools HAVE to reduce tuition or give out a crapton more financial aid. Why? Because they aren't going to be able to fill their classes with people who can pay $70K+/year.

It's really not that difficult. [/quote]

At SOME schools, of course - but not the top schools, and not the top colleges, which I keep asking about but get no response.

I would agree with you it would have some effect, and some of it positive, such as eliminating many of those for-profit colleges which exploit the system now.  But the effect it will have on the top schools is keeping certain folks out who otherwise could go.

A much better solution is better funding for state and community colleges (which are already much cheaper).  But please note that despite basic economic theory, (some, rightly or wrongly) people have decided that those are not equivalent to top private educations even though those are substantially cheaper now.

As for your assertion:

[quote]Because they aren't going to be able to fill their classes with people who can pay $70K+/year. [/quote]

The top colleges can now if they want to.  Easily.[/quote]

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