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College is more expensive because of student loans. Because
Posted on: February 11, 2021 at 11:22:04 CT
DHighlander NWMSU
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there is an easy supply of government-backed money available for schooling there are no real market forces at work to control costs.
If the loans were not available schools would be forced to set price points that the students or their families could actually afford.
If the loans were not government-backed then the banks giving them would be much more restrictive with their money. Someone trying to get a loan for an English lit degree from Harvard would probably struggle to find it. But as it is now the bank really does not care if they can pay it back or not.
If the loans were not available schools would be forced to set price points that the students or their families could actually afford.
If the loans were not government-backed then the banks giving them would be much more restrictive with their money. Someone trying to get a loan for an English lit degree from Harvard would probably struggle to find it. But as it is now the bank really does not care if they can pay it back or not.
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College is more expensive because of student loans. Because - DHighlander NWMSU - 2/11 11:22:04