The main reason college tuitions are out of control is the Bush-era decision to make student loan debt not dischargeable by bankruptcy. If banks (and colleges) could only lend to people who could afford to pay back the loans (or more accurately: if they had to bear the risk of making predatory loans to people who they know CAN'T pay back the loans), you'd see costs magically drop overnight as they reoriented their businesses to be sustainable.
Add comment