Comment: Basically, the government

(See in situ)


Basically, the government

Basically, the government undercuts the private interest rate for college loans, which itself was ridiculously low. This creates more demand.

In reality, there is very little effect. Even if one had to pay a higher interest rate, a college degree has so much value that it would stop very few people from going. After all, the interest cost difference on tuition of 20 grand would be less than 5,000 over the life of the contract.

Simply put, regardless of government interference, college costs are going up because supply is limited and demand has absolutely skyrocketed.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a