I think a lot of college pricing comes from it being so easy to obtain a loan. Colleges know this and have no incentive to compete in prices. Every business owner would like to charge twice what they're charging right now, but they can't, because everyone is sensitive to price increases. If government issued student loans were abolished, then colleges would have to lower prices to attract consumers.
Why is medical school $80k+ per year?
I think a lot of college pricing comes from it being so easy to obtain a loan. Colleges know this and have no incentive to compete in prices. Every business owner would like to charge twice what they're charging right now, but they can't, because everyone is sensitive to price increases. If government issued student loans were abolished, then colleges would have to lower prices to attract consumers.
Congratulations, you are one of the minority few who understand what has been happening since Obama guaranteed government loans