In the U.S. the problem is the Department of Education handing out billions of loans creating artificial cashflow. Universities raise their tuition because they know the student can squeeze the federal government out of an extra $20,000.
End the loans and the tuition crisis will abate. Yes there will be turmoil as professors making $200k go back to making $100k; but institutions will go back to a true needs based financial aid where students once able to pay $20k in loans above minimal amounts pay minimal amounts again and graduate debt free.
End the loans and the tuition crisis will abate. Yes there will be turmoil as professors making $200k go back to making $100k; but institutions will go back to a true needs based financial aid where students once able to pay $20k in loans above minimal amounts pay minimal amounts again and graduate debt free.