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View Diary: Why College Costs So Much (21 comments)

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  •  It isn't all about the lenders, though. (2+ / 0-)
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    sebastianguy99, Cynic in seattle

    Note that I'm not denying their role; I'm just saying they are not the sole cause.

    For the moment, consider only private schools, that don't depend on state governments for the majority of their funding.

    As someone pointed out in an article I read somewhere (it was years ago, and I forget the source), tuition money represents one of the few unregulated sources of funding universities and colleges have: most of the money from endowments and grants are tied to specific purposes (you can't take, say, $50,000 from an NIH grant to fund dorm renovations).

    And, as the law of supply and demand goes: as long as schools get students to fill the seats, and they can get the money they need/want, they have no incentive to stop raising tuitions.

    On a related note, we should applaud schools like the New University of the South, which actually is lowering tuition (yes, it's still insanely high, but they dropped it by 10%), and schools that are decreasing family costs and the amount that students have to borrow.

    We don't want our country back, we want our country FORWARD. --Eclectablog

    by Samer on Mon Mar 21, 2011 at 05:59:24 PM PDT

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