Reply to When will the college tuition bubble burst?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The high cost of tuition is driven by the availability of federal loans to fund it.  The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.  [/quote]

+1.   Stop making it so easy to get a loan for college, and the cost will go down.

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[b]This[/b]. Like many messes, the federal government is to blame.[/quote]

[b]If you want lenders to stop giving education loans in a carefree manner, make those loans dischargeable in bankruptcy. Students loans are not dischargeable, so there is zero incentive for lenders to actually consider ability to repay.[/b] That debt will follow you to the grave.

Make the lenders have some skin in the game and they’ll be more circumspect with their loans, which means colleges will have to react by bringing down prices.

My bankruptcy professor in law school walked us through it. [/quote]

You really don't see the problem with this thinking?  From a social mobility perspective, we *want* to give grants and loans to students that, at least on paper, would look risky to issue an unsecured loan to.
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