Quote:
Originally Posted by Kenswing
It was the student loan program. Once anyone could borrow enough money to go to school colleges started spending like drunken sailors and raising tuition to cover their excesses. Now we have a generation with more debt than their degrees can pay for.
|
Yup! Every time the gubmint raised how much you could borrow, schools increased tuition by a similar amount...
But that doesn't take into account that less and less money is being spent on actually teaching the students as more and more money is being spent on useless administrators...