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A comment on Some Colleges Will Soon Charge $100k a Year. How Did This Happen?. Parent comment

Re:Some Colleges Will Soon Charge $100k a Year. How Did This... by empath-nirvana on Friday April 05, 2024 @05:42PM (#39947603)
This problem would be solved immediately by making student loans dischargeable in bankruptcy. The easy money would evaporate and a lot of colleges would have to figure out how to make money on lower tuitions.
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Re:Some Colleges Will Soon Charge $100k a Year. How Did This... by mattm on Friday April 05, 2024 @07:15PM (#39948408)
Yes with loans that cannot be written off in bankruptcy, the lenders don't need to do due diligence and are incentivized to loan out as much money as possible. More money causes tuition to go up.
[ Parent | on HN ]