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College and University Discussion
Reply to "Which college is worth $90k?"
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[quote=Anonymous][quote=Anonymous]None. I say that with two full pay at Ivies. University prices are outrageous. Our in-state options shouldn’t be $40k and privates shouldn’t be $90k. It’s ridiculous and the history behind it is the federally funded student loans that took off in the 80s, allowing schools to spike tuition costs and put the students in debt. It’s when the tuition cost exponentially shot up. When more federal aid is available, colleges can raise their prices because students have greater borrowing capacity to cover the increased costs. The former CEO of Sallie Mae, confessed that schools raise tuition "because they can, and the government facilitates it". A prominent Federal Reserve Bank of New York study found that for every dollar increase in subsidized federal loan limits, tuition increased by about 60 cents. For graduate students, who historically had no federal borrowing limits, a 2023 study found that net prices increased by 64 cents for every dollar increase in per-student federal borrowing. Amenities Arms Race: The influx of money allows institutions to invest in non-classroom amenities (e.g., better dorms, recreation centers) to attract students, increasing perceived value and justifying higher prices, which creates a feedback loop for further increases [/quote] This. Everyone should be outraged at the price of college (all colleges) in the US. [/quote]
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