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View Diary: Whose fault is the growing student loan securities bubble? (35 comments)

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  •  The problem is that higher education (1+ / 0-)
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    is not being adequately funded, not that the government puts to much money toward it. The cost, meaning what it coasts the school to educate people, of education is no higher than it's ever been, the price(tuition) is what's been rising. That's because funding for public schools have been gutted, not to mention for-profit institutions gouging students and not giving them needed skills.

    •  Yep, the state has been funding the state (1+ / 0-)
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      universities less and less here.  My room/board and tuition for fall of 1984 was $1300 (and I thought that was shitload of money at the time) and now, tuition alone is something like $7000 - 30 years later.  IIRC what my parents had said that room/board and tuition for the state universities when they were getting out of college was something like $500 a semester.  For a 25 year period the increase was 3 times as much and the next 30 years more than 9 times increase.

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