> Think about it. Universities get to decide how much money to charge their students. Likewise, parents and students decide if they can afford to pay it. It’s a pretty simple proposition. But when the government suddenly makes hundreds of billions of dollars in student loans readily available — under the popular (and voter-friendly) theory that “everyone should go to college” — we see an unintended consequence.
Well that's also ignoring the point that colleges used to get the majority of their funding from States, and almost every major University now has the majority(and sometimes a >90% majority) of its funding coming from other sources. College used to be subsidized by society, and now it just isn't subsidized, and in his argument that entire position is ignored.
Like most subjects this is a much more complex problem than either side lets on, but just because Mike Rowe is eloquent in his response doesn't mean that it isn't ignoring rather large portions of the facts.
Well that's also ignoring the point that colleges used to get the majority of their funding from States, and almost every major University now has the majority(and sometimes a >90% majority) of its funding coming from other sources. College used to be subsidized by society, and now it just isn't subsidized, and in his argument that entire position is ignored.
Like most subjects this is a much more complex problem than either side lets on, but just because Mike Rowe is eloquent in his response doesn't mean that it isn't ignoring rather large portions of the facts.