Forgot your password?   Comment: Subsidies are not difficult to
understand. (Score 3, Insightful) 302  by dtmancom (#44650307)
Attached to: Obama Seeks New System For Rating Colleges Before
grants and guaranteed college loans, colleges could only charge
what the students could afford. I myself graduated from a big
4-year state college in the 80's for a total cost of $21k, and I
was an on-campus student.  Now we have grants and the ability to
take out tens of thousands of dollars... per year... for
tuition. All an adult student has to do is sign his or her name,
and it is like free unlimited money for all the education you
can eat.  How can anyone be confused by the idea that colleges
will adjust their cost by the amount their customers can afford
to pay? This is econ 101, here. When these stupid adult children
can afford $50k to get their art history degree, why do you
think a college won't increase their price to accommodate the
sucker windfall?  Want to watch the price of college plummet?
Remove all loans.