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Comments

• EleventhHour@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Profit and greed. That’s it.

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• queermunist@lemmy.ml ⁨2⁩ ⁨days⁩ ago

  To ensure a large supply of low wage labor.

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• Kroxx@lemm.ee ⁨1⁩ ⁨day⁩ ago

  The system is really bad but you should also factor in the price while searching for schools, I went to a state University, one of the minor ones, and tuition was under 10k/year. So your son paid more for 1 year than I did for my entire degree by almost a factor of 2. Some universities are way more expensive than others. I got a STEM degree and was employed 2 months after I graduated, with a very prestigious research position. So it’s not like going to a shitter on paper school had an impact on me personally.

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• merthyr1831@lemmy.ml ⁨2⁩ ⁨days⁩ ago

  There’s probably more at play, but the govt is willing to back companies offering loans to cover higher and higher tuition costs, so said companies haven’t got to worry if the loans default or don’t return the full amount - it’s about setting an exorbitant “graduate tax” to keep a permanent stream of guaranteed income for as long as possible.

  Higher loans means more repayments, and more money for universities, so they both raise tuition higher and higher to meet the limits of students. as long as banks or govt don’t ever ask for their loans back (which they won’t because it’ll collapse the whole system and possibly the economy with it) the price can inflate at much at it likes.

  the same is at play in the UK, only we have “tuition caps” that every university course sets their prices to because there is simply no benefit to charging less, and no downside to charging more. Everyone can get a loan, no one is denied, and the government backs this process because it is essentially being held at ransom.

  I know I turned it into a rant about UK education but the financial systems feel very similar. There’s simply too much money held up in a make believe cycle of IOUs that would immediately collapse a huge chunk of the American system if anyone willingly let it pop.

  The only problem with this is that eventually it might just pop on its own, and no one will be ready.

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• Coreidan@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Greed. Come on were you really expecting a different response?

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• ReadMoreBooks@lemmy.zip ⁨2⁩ ⁨days⁩ ago

  If we can reason and communicate effectively then we’re much harder to exploit.

  Education is priced above the balance of supply and demand because in wider scope it’s more profitable to deny access.

  Denial of access to education is a very good way to leave many people with violence as their only practical means of change.

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