Quote:
Originally Posted by Carms
In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.
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The only reason that credit hours are so expensive is because the students can borrow the money. The schools will charge as much as they can to match the student loan money that is available. If you make it easier to borrow, then tuitions will increase. The best solution is to cancel the Federal loan program, and let the schools figure out how to make their degrees affordable.
College learning is mostly a DIY project anyway. There is no reason for tuition to be as expensive as it is.