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View Diary: Obama proposals to lower college costs fail to tackle the real driver of rising tuition (170 comments)

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  •  Under Reagan (1+ / 0-)
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    prishannah

    his financial team, being pro-banking/pro-business and all, figured out that college students make more money.... and why not keep the lower classes down the minute they get out of college with what?  A debt, given out by a bank but guaranteeed by the Government.

    Yeah, makes a lot of sense to me too.

    What then happened is all this "college loan money" became available and in turn, that borrowed money became play money for colleges - as their tuitions have gone up so a student has to borrow more and in return has further to climb out of debt once out of college.

    Getting an education is morally the right thing to do.

    But what is happening is morally not.

    -6.13 -4.4 Where are you? Take the Test!!!

    by MarciaJ720 on Thu Aug 22, 2013 at 11:21:43 AM PDT

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