posted on Jan, 29 2013 @ 09:02 PM
reply to post by GBP/JPY
Probably the worst thing that happened to education was creating college grants, loans and scholarships under the guise of making affordable for
everyone. In reality it did the opposite. Without loans , scholarships , and grants they couldn't charge students hundreds of dollars for books,
credit hours,etc because the market wouldn’t bare it.
Imagine how many people could go to college if it cost $100K to get an education without any loans or grants. Very few could afford too. The market
wouldn't bare it and the cost would have to be modified to a level that the consumer could bare ,otherwise their would be no takers. Yes a few upper
crust richy rich could go to college but the majority of the consumer is the middle to lower class that have to work which could not afford the 100K
college experience.
Funny thing is that this also applies to all the other f'd up industries, healthcare,housing,cars,etc. As long as you can get infinite loans or
insurance, or other type of so called monetary assistance they are going to charge you infinite prices. Easy Credit is what drives the cost up. If
people had to pay out of pocket or limited credit was available than prices couldn't be at the level they are. Either-wise they wouldn't have any
customers.