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this post was submitted on 02 Jul 2023
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Govt.should put a cap on tuition rates for any institution that wants to receive students on federal loans.
Rather than interfering further with a private market, they could simply cap the amount of federal loans a student can receive.
That doesn't help solve the problem of cost though. If a university degree is going to cost $50k/year and say the govt. caps the amount of federal loans at $15k/year, that just either forces the student to get private loans or not go to college.
I think part of the mindset that has to change is this idea that college is worth it no matter the cost.
Yes and no - if the university can no longer fill its ranks because their costs are too high, they will have to reduce costs. The reason it’s so expensive right now is because they have a captive audience that can’t walk away.
Edit:
Say it louder for the people in the back!
Homo Economicus represent! The rest of us are trying to live fulfilling lives as human beings and what education we choose is not just an economic decision.