Cost Of Tuition as proposed by department of education
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Debt forgiveness is a ridiculous band aid.
The real question is why is the overwhelmingly liberaloid education system in the US so fucking expensive in the first place?
The other replies answer why, but not how. And the answer is student loans themselves.
College used to be something you had to work for, even if the relative cost was lower. If you didn't have the money or didn't want to spend it, you didn't go. But today, everyone gets free money to waste on whatever degree they want. So in addition to an increase demand, you now have a situation where the average student can "afford" a lot more than they previously could. No one should be surprised that schools responded to this by raising the cost of tuition.
125k/year + bonuses for "diversity comissionners" and other administrative bloat such as paied Union positions that are just "management" fluff for the teachers advocacy group. Same problem for healthcare, except healthcare is full of massive corruption involving overcharging and discounts with insurance and pharma companies.
It's significantly less outrageous elsewhere, but still overpriced.
The 50% useless administrative board of my public university kept voting themselves thousands of dollars of "performance bonuses" despite failing to balance a budget. Fail at your job, get bonus anyway ( and the bonus means failing at your job harder ).
Reminds me of the bankers awarding themselves millions in bonus for doing a good job in 2008. The good job being begging governments for a bailout with taxpayers' money. They should have been thrown in jail.
Because when every dipshit high school graduate is guaranteed an unsecured loan for college the universities can charge whatever the fuck they want.
The explosion in college cost is directly due to the endless "free" money that gets dumped onto incoming freshmen. The problem is that it's not really money they're being given, it's debt.
But leftist faggots will never admit that's the case.
University professors tend to be well off. Affording them and their preferences costs a lot.