"Once upon a time in America," says professor Sajay Samuel, "going to college did not mean graduating with debt." Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. Samuel proposes a radical solution: link tuition costs to a degree's expected earnings, so that students can make informed decisions about their future, restore their love of learning and contribute to the world in a meaningful way.
How college loans exploit students for profit !
6 years ago by alketcecaj (55)
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nice, upvoted
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The cause of this was the Affordable Care Act i it the government needed a steady revenue stream to pay for healthcare. So they took control of the student loan industry. Now with the US government guarantee on all loans. The colleges kept raising rates.
So sad no one listened to the people saying this was coming.
The college system needs to be eliminated and replaced with a system that will train an effective workforce
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You are right ! Too bad in US the system works this way. It will be very difficoult to change it. Here in Europe we have free education and the universities are good. Too bad some people want to change it.
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