Tuition costs have risen 710% since 1983 (1200% since 1980). Inflation: 194%

Re:Tuition costs have risen 710% since 1983 (1200% since 198... by rayiner on Monday July 10, 2023 @01:27PM (#36669681)

What "lenders," and what "market" are you talking about? 92% of all student debt was issued by the federal government. As a matter of social policy, the government does not meaningfully consider credit risk when issuing student loans.

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by mistrial9 on Monday July 10, 2023 @02:29PM (#36670874)

where does that exact figure come from?

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by rayiner on Monday July 10, 2023 @10:48PM (#36675862)

https://www.bestcolleges.com/research/average-student-loan-d...

Look at footnotes 1 and 3, which rely on the Department of Education’s and the Fed’s own numbers. $1.64 trillion/1.77 trillion = 92.6%.

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by FormerBandmate on Monday July 10, 2023 @03:34PM (#36671767)

The government taking credit risk into account would have such regressive results it would be hilarious. The cost of college would dramatically plunge for kids from rich families taking CS and finance classes and skyrocket for everyone else

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by peanuty1 on Monday July 10, 2023 @06:37PM (#36673969)

That would be great if cost of college plunged for CS and finance students.

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Re:Tuition costs have risen 710% since 1983 (1200% since 198... by imtringued on Tuesday July 11, 2023 @11:59AM (#36682884)

You're saying this as if it hasn't happened already.

Less money for borrowing means students can only afford lower tuitions and colleges are incentivized to efficiently use your money.

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