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College and University Discussion
Reply to "Parents Paying for College is Real Reason College Has Become Unaffordable for Many"
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[quote=Anonymous]There is a grain of truth in pp's post. Supply and demand are very much in effect when it comes to colleges. Parents still see the value, as do children. Yes, the loan business has probably made it worse, but people are still taking the loans out. For all of the "don't go to college, be a plumber" coming from the Right, kids and parents still go, and still seem to be making good incomes and living successful, happy lives. It might be the case that four years at, say, Wash U are worth $400k. After all, we spend $80K on cars that are worthless after 10 years. That degree's value accrues. At some point--maybe now--the market will say "no more" to the 5% CAGR tuition growth, but at the current point, there doesn't seem to be a lack of demand.[/quote]
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