Do you think that government loans to college students should stop?
because that is the reason college is so expensive.
Colleges know the government will foot the bill so they charge more and students leave college with more debt. Then people blame the free market and we have more government intervention.
On a free market the price would be much lower.
Government loan’s distort the market because it means we have too many people going to college.
On a free market if you really needed a loan you would go to the bank. The bank has their statisticians and they will grant you a loan based on the statistic regarding your course degree. If they find you can pay it back you will get the loan. If you can’t than that means college is not worth it. A government loan does not change that fact.
College is very overrated.
The government is giving out loans, not a lot of free money – they’ll be making a lot back when people repay the loans and interest. It costs a ridiculous amount of money to run a college; these aren’t businesses for the most part; most colleges are in the red at the end of the year. Yes, we have too many people going to college, and too many people not thinking about what they’re going to do with that philosophy degree after they graduate. But we also need a lot of people going to college – future doctors, lawyers, scientists, teachers, nurses, engineers, and so on. Those degrees can’t be overrated.
