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A comment on U.S. Citizens Now Hold About $1.3 Trillion in Student Loan Debt. Parent comment

Re:U.S. Citizens Now Hold About $1.3 Trillion in Student Loa... by ska on Monday November 21, 2016 @11:07AM (#13006441) 

  If they wanted to actually compete, they would lower prices. Thats what attracts buyers.
That is a dangerously oversimplified view of how markets work. Buyers are attracted by a broad range of factors, only one of which is price.
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Re:U.S. Citizens Now Hold About $1.3 Trillion in Student Loa... by wonder_er on Monday November 21, 2016 @11:37AM (#13006692)
> That is a dangerously oversimplified view of how markets work.

Because university is so expensive, we're told that more things matter than just price.

Buyers are obviously attracted to more than low prices, but some buyers are highly price-sensitive. So, we should let them find something that works for them.

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Re:U.S. Citizens Now Hold About $1.3 Trillion in Student Loa... by ska on Tuesday November 22, 2016 @11:03AM (#13014954)
There already is a huge range in the cost of university, so what you are describing should already be in effect. Do you have evidence to the contrary?

(FWIW I also think that it is too expensive for various reasons, but also that it is too naive to consider only price here)

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