With all the ’toons on this subject, I got to realizing, the rising tuition, increased interest rates, and debt, parallel perfectly the “Reagan revolution” in state politics, national politics, and increasing debt attained by the brilliance of “Reaganomics” and GOP “management” of finances. Yep, reducing taxes (income) and increasing spending works well for students, families, and government.
We used to have a similar system and with some effort you could come out of college with little or no debt. Then Regan got elected and to pay off his banker supporters he helped bring in student loans. They sound great on paper helping all people go to college. In reality all they are is a risk free way for banks to make money. After all if the student dies or defaults the government pays.
Add to this inflation and colleges who wanted to offer more classes and pay their employees better and tuition kept rising. After all the students could always borrow more money. It has finally gotten to the point where it is questionable on whether a college degree is a good investment.
Dtroutma almost 12 years ago
With all the ’toons on this subject, I got to realizing, the rising tuition, increased interest rates, and debt, parallel perfectly the “Reagan revolution” in state politics, national politics, and increasing debt attained by the brilliance of “Reaganomics” and GOP “management” of finances. Yep, reducing taxes (income) and increasing spending works well for students, families, and government.
Simon_Jester almost 12 years ago
Naw, they can easily skip the loans.
Sure, they’ll spend the rest of their lives asking, “Wanna supersize that?”, but hey…
Simon_Jester almost 12 years ago
Is that what you did…or only what you HEARD about?
pirate227 almost 12 years ago
“What is the difference that makes the U.S. system so expensive and cumbersome?”
Greed.
Steveh16 almost 12 years ago
We used to have a similar system and with some effort you could come out of college with little or no debt. Then Regan got elected and to pay off his banker supporters he helped bring in student loans. They sound great on paper helping all people go to college. In reality all they are is a risk free way for banks to make money. After all if the student dies or defaults the government pays.
Add to this inflation and colleges who wanted to offer more classes and pay their employees better and tuition kept rising. After all the students could always borrow more money. It has finally gotten to the point where it is questionable on whether a college degree is a good investment.