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this post was submitted on 19 Jan 2024
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Cool, but will that solve anything? Greedy universities still win in this scenario.
Banks, thousands of other kinds of predatory businesses that prey on students: "Ha, yes, yes! 'Geeedy universities,' that's the ticket!"
It's the universities that charge these astronomical prices for tuition, not the banks. So yes, greedy fucking universities.
It's both. The loans are absurdly special status, so the lenders are incentivized to give out more and bigger ones, and the availability of more and bigger student loans means universities can charge more and take in more people
It's a very tangled system with all sorts of perverse incentives
It's a small measure but it's better than nothing. We need free public universities but that's outside of a presidents unilateral authority.
"It's not perfect, so we should do nothing". FFS...
recognizing an issue exists and taking some steps towards acknowledging it and helping people
"Right, but it doesn't solve everything so it's completely worthless."