The government is driving up college costs. There is an economic theory that is
called from source to sink,alot like supply and demand. It means that if there
is an unlimited source of money (government student loans) the cost will rise to
meet it! As long as the government makes money available, costs will rise to
meet the availability, because colleges can and will! By the way, its true for
everything; education,Obamacare,energy, food, everything! Subsidize it and watch
the costs explode!
I HATE it when you post the first paragraph of a story and then include a link
to another webpage. Please provide advance warning that you are posting an
The student loan racket. It's not brain surgery. I think Mountanman
pretty much nailed it.
Sorry, "Mountanman," I can't speak for the land of potatoes, but
here in Wisconsin, the main reason that the cost of our UW system schools has
risen is that the state has dramatically cut the percentage of funding that it
provides. This past year alone, Governor Scott Walker's administration cut
the University of Wisconsin schools' budgets by 22%. The net result is
that tuition will rise 5.5% for next year's students. If the money is
gone, it has to come from somewhere. Wisconsin used to cover more than half of
the cost of it's UW schools. In the 2000-2001 budget, Wisconsin still
provided 33% of the funding for its state universities. Now only 15% - 17% of
university budgets (depending on the school) come from state funds.