It seemed to me like the government subsidizing the market in stark contrast to unfettered capitalistic principles is the root of the issue.
Perdue’s income sharing plan mentioned in the article seemed really interesting off the cuff.
I think it would have been really beneficial had I been required to create a pitch deck to get financing for my education.
>It seemed to me like the government subsidizing the market in stark contrast to unfettered capitalistic principles is the root of the issue.
My opinion was apparently unpopular, but I'm not claiming that the government is the cause of the problem. Instead I'm claiming that the government's noble effort is subverted by the fact that the schools care about maximizing immediate profits more than altruistic goals like building healthy strong societies. The cause of skyrocketing costs is, in my opinion, the simple fact that the schools seek to maximize their revenue and since there's no government-sponsored damping (as that would go against capitalist principles) we get a feedback loop as the government tries to educate its populace.
Longer answer, according to the universities: Because modern students demand more than just classes, they also want social services (on-site counseling, bias incident response teams, etc).
Longer answer, according to a cynic: Because universities are more or less guaranteed the money from the federal government, they've grown to spend the money on inflated administration. As costs go up the government allows students to borrow more and more to cover the costs, and universities find ways to jack up their prices to match the money on the table. While the government loaning poor students money to better themselves with an education is a great thing in theory, I think it's what directly lead to the current situation. I don't want to turn this into a long post against capitalism, but I think that the unfettered capitalistic worldview we have here in the US is the root problem.