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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. So I mentioned this to DH, who has worked in higher ed. [b]He said the number one thing that will stop all of this is to get rid of private student loans entirely. [/b]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 [b]biggest driver of tuition increases is the ability for students to borrow a ton of money.[/b] He also said that if you can discharge loans in bankruptcy, that will reduce banks' incentive to give out these loans like candy. [/quote]

I do not disagree with your DH, but in addition to the availability of loans, the reduction in the states' funding of higher education has been a huge contributor to out-of-control increases.  As state schools - which serve as a bellwether for both public and private schools' tuition - increased their tuition and fees, private schools have followed suit, so that their tuition and fees stay apace (proportionately) with those of public schools.  And up and up it has all gone.

My NESCAC school cost about $9,000 in 1981 when I attended.  Had its tuition and fees increased at the same rate as inflation, it would cost just under $27,000 today.  Instead, it costs just under $77,000.

Crazy.[/quote]

Yeah, you're right. My dad went to Syracuse in the 70s and said tuition was so low then that students really could earn it through working part-time jobs. He worked at the student union. Syracuse's base tuition is now $50K and when you include room and board you're looking at $73K. They estimate students will need to budget an additional $4K/year for misc expenses. Insane. [/quote]

And that's why DD is no longer at CUSE.  She's finishing up @ UMD living at home to a cost of just over 10k.  Way less that her private HS....lol[/quote]

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