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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 raverbashing on Wednesday December 11, 2019 @08:29AM (#21762121)
"cost of school" oh but wait, it's not the cost of tuition as in the people and materials actually involved in it. Just ask any professor.

It's the cost of the administration. The cost of facilities. The extortion racket that are mandatory latest editions textbooks.

Universities are becoming less about teaching people and more about capturing grants and "selling the experience"

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by alistairSH on Wednesday December 11, 2019 @09:25AM (#21762577)
Most of those administrators are there for a reason. Regulatory compliance takes manpower (which costs money). Perhaps we regulating the wrong things, or doing too much of it. But, regulations rarely appear for no reason at all.

Some states are making efforts to curb the costs of textbooks and materials. I'm currently working on software to help CA schools roll out their ZTC programs.[1]

1 - https://www.insidehighered.com/digital-learning/article/2019...

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