iamwhatiseem
Diamond Member
In 1975, when I started college, in-state tuition at a state university was much less in constant dollars than it is today, and the availability of non-loan financial aid was much greater. Also, the job market was much better (even though in the 1970s it was worse than it had been in the '60s, thanks to the oil problems) so that expectation of a good job awaiting a recent college graduate was more realistic.
These three things are the factors that have caused the problem with student loans today. Not the availability of student loans (without which many students simply couldn't attend school, period), not "the government getting involved" (without which we would have no state colleges or universities and everyone would have to pay private school tuition, which would make the problem even worse).
You can't possibly be this clueless.
Just as with the mortgage crises - the government is supplying loans and grants for a HUUUUUUUUUUUUUUUGE percentage of students - so what does this create? Artificial demand - and what does artificial demand create?.....ARTIFICIAL PRICES.
Tuition is sky high because of an enormous increase in students...and the enormous increase is not due to more college worthy kids - it is a direct result of government loans/grants paying for it REGARDLESS of the chances they have to actually graduate.
As well as college drop out rates are becoming pandemic. Good colleges are seeing as high as 40-50% drop out rates....many after 3-4 years of being there!!