A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loan debts for millions of Americans.
I think the main argument is that this isn’t the way to go about that. The universities are totally out of control and need to be forced to curb their spending to make things more affordable before we just start handing them public funding like this.
Well I think this move is only going to hurt people in the short run, it was just asking for further dive in a recession, I do agree with this sentiment of it.
Tuition prices are absolutely insane. Colleges and universities are spending money on ridiculous nonsense, and that needs to be reigned in severely before Just throwing billions more taxpayer dollars at them.
That said, these funds weren’t going to the universities. They were going to the banks, so cutting this off isn’t going to influence tuition rates in any way.
I think the main argument is that this isn’t the way to go about that. The universities are totally out of control and need to be forced to curb their spending to make things more affordable before we just start handing them public funding like this.
I don’t really think anyone in the government has a good solution for this, do they?
Remove the available money? Only the rich go to college. Add more money? The prices go up.
You could try regulating it, but then you just get colleges that refuse to accept government money, while simultaneously asking for the same amount.
I’m sure someone has a solution that would work, but it’s not anyone with the power to implement it, that’s for sure.
just make public universities cheaper, private sector will feel the competition and lower prices.
I honestly don’t think so. Private universities are already more expensive, why would they care if that gap widened more?
supply and demand
Well I think this move is only going to hurt people in the short run, it was just asking for further dive in a recession, I do agree with this sentiment of it.
Tuition prices are absolutely insane. Colleges and universities are spending money on ridiculous nonsense, and that needs to be reigned in severely before Just throwing billions more taxpayer dollars at them.
That said, these funds weren’t going to the universities. They were going to the banks, so cutting this off isn’t going to influence tuition rates in any way.
We pay for primary and high-school just fine. 4 more years for some of the kids isn’t going to break the bank.
How? Students are choosing more expensive places. The market is driving this.