Man: I just dreamt that I still had three years of payment left on my student loan! Woman: It was just a nightmare... you've only got two years left.
I graduated in California 40 years ago, it wasn’t “free”, but tuition today is almost as much a unit, as my tuition was A YEAR! Even back then, with G.I. Bill, I still had to work to pay my tuition and costs, but didn’t take out loans. The reduction in tax rates, thanks to Reagan and ballot measures passed to benefit the wealthy, increased tuition, and still reduced education budgets compared to “inflation”.
“Privatization”, and contracting, has increased the cost of “government”, and education, more than any other factors. Simply put, when “government” does things, no profit is required. When “privatized” and contracted, anywhere from one to seven additional steps take place to provide someone a profit. That includes “private” student loans.
April 12, 2017
May 10, 2018
June 11, 2017
July 06, 2017
November 24, 2017
December 06, 2017