The skyrocketing costs of tuition according to the New York Federal Reserve Bank is caused by, can you guess? Government paying off student loan debts.
https://www.newyorkfed.org/medialibr...orts/sr733.pdf
Which in turn leads too…
Most colleges do not have set prices for tuition. If you are someone they want in their school your tuition cost will be less than the average Joe or Jane’s cost. So, because of government interference colleges raise prices even further to maintain the status quo.
Quote:
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…writing in The New York Times Magazine, Adam Davidson said the "single most important factor behind the rise in tuition" is that high tuitions allow colleges to "shape" their student bodies.
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https://www.businessinsider.com/this...ng-2015-9?op=1
Seems politicians create a problem then claim to have all the answers on how to solve it. Spend, spend, spend, vote for us, we care a lot. People do love it so.