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

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  •  Loans play some role but not a huge one. (0+ / 0-)

    State support for colleges is dropping and costs are climbing. Colleges are non-profit (most of them at least) so a lot of increase in costs is due to tech upgrades etc. Faculty and stuff salaries have not been increasing much and in fact were cut in the last few years.
    It could be that loans allow some people to 'buy more college than they should'. Predatory interest rates you're referring to are certainly a problem though.

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