If you are suggesting that people who did not go to school should pay student’s loans, that’s morally wrong. I was next door last night with my 82 year old neighbor who is on hospice (he’s dying). His wife is 74. I was shocked to hear they still had a mortgage! Should we repay his mortgage for them?? There are all kinds of arguments to be made to do just that. Logically they can’t work to repay. Reality they will have to sell and move to somewhere cheaper.
Ken, I’m suggesting that colleges are in a spending arms race against each other to attract students, and pass the bill along to students who pay for it with federal student loans. I’m also suggesting that it’s unlikely that the trajectory shown in the chart will be changing anytime soon because 2/3 employers require a college degree (even for entry level) so the college degree credential will continue to be immune to deflationary forces.
Jack
I agree but what did they spend it on “ spending lavishly on facilities, administrators, and coaches”
Where’s the teachers??
Jack
If you are suggesting that people who did not go to school should pay student’s loans, that’s morally wrong. I was next door last night with my 82 year old neighbor who is on hospice (he’s dying). His wife is 74. I was shocked to hear they still had a mortgage! Should we repay his mortgage for them?? There are all kinds of arguments to be made to do just that. Logically they can’t work to repay. Reality they will have to sell and move to somewhere cheaper.
Ken, I’m suggesting that colleges are in a spending arms race against each other to attract students, and pass the bill along to students who pay for it with federal student loans. I’m also suggesting that it’s unlikely that the trajectory shown in the chart will be changing anytime soon because 2/3 employers require a college degree (even for entry level) so the college degree credential will continue to be immune to deflationary forces.