Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by scinerio on Monday July 10, 2023 @01:26PM
(#36669660)
A world-class education system where you can leave the $200k in debt and never exceed $100k in income.
We're at a point where going into college for non-STEM degree can (and likely will be) one of the biggest mistakes of your life.
Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by londons_explore on Monday July 10, 2023 @01:36PM
(#36669852)
But if the government paid for it, you would never see the $200k in debt. But you'd still be in debt - it would just be government debt. And as a citizen, your government's debt is still kinda your problem.
They could just give money direct to universities - but then it's hard to ensure they're getting good value for money.
But by giving it to students to in turn give to universities they get better value for money.
One day someone has to pay for that - and the students paying it back via loan repayments isn't awfully different to citizens paying it back via taxes. But with the student route everyone is more invested in getting good value for money. And non-university users (who tend to be the poorest) don't end up paying. Win win.