This is another example of the law of unintended consequences.
While the idea of helping people become more educated is obviously beneficial to both individuals and the society as a whole, government loans - which are supposed to "help" - are a huge factor fueling ever-raising costs. The loans, in effect, subsidize the higher-education complex, rather than students.
Many of us have been brainwashed to think that higher education has to cost a lot of money. But it need not: all that great education requires are wise, passionate teachers and a bit of infrastructure: a whiteboard, a few books, and a laptop computer (with a couple of outliers).
We don't need football/hockey teams with coaches paid $3-4M/year. We don't need armies of "Deans of Diversity & Inclusion" (and other phony administrative positions), who make $400K/year, we don't need manicured lawns and Olympics-quality sports facilities (these salaries are from the Univ of California - a state school!)
If a good private university cost < $20K/year and a state university < $10K, we would not have endless discussions wrt who should pay, who should study what, etc.
While the idea of helping people become more educated is obviously beneficial to both individuals and the society as a whole, government loans - which are supposed to "help" - are a huge factor fueling ever-raising costs. The loans, in effect, subsidize the higher-education complex, rather than students.
Many of us have been brainwashed to think that higher education has to cost a lot of money. But it need not: all that great education requires are wise, passionate teachers and a bit of infrastructure: a whiteboard, a few books, and a laptop computer (with a couple of outliers).
We don't need football/hockey teams with coaches paid $3-4M/year. We don't need armies of "Deans of Diversity & Inclusion" (and other phony administrative positions), who make $400K/year, we don't need manicured lawns and Olympics-quality sports facilities (these salaries are from the Univ of California - a state school!)
If a good private university cost < $20K/year and a state university < $10K, we would not have endless discussions wrt who should pay, who should study what, etc.