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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by faet on Wednesday December 11, 2019 @07:56AM (#21761938)
Some of it is making up for state cuts. For example, between 2008 and 2018 Louisiana reduced high education funding by about $5k per student. Even if LSU didn't "Raise their tuition" that $5k gap needs to be made up somewhere.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by greedo on Wednesday December 11, 2019 @09:01AM (#21762360)
State cuts have made a huge difference, especially in the UC system. When I went to UCSD in 1982, tuition was roughly $310/quarter for a full-time student ($825 in 2019 dollars). California contributed roughly 90% of the cost of a student, keeping fees manageable. I was able to earn enough each summer to pay for tuition.

Now California contributes roughly 30% to the cost of a student, and the costs themselves has risen (better accommodations, increased admin staff etc etc.)

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