Cause it not like the loans are predatory or anything.
I’ve met people who foolishly took out six-digit loans to go to college and I agree that those loans ought to have been denied to them, but most people I know went to relatively low-cost public universities or to the private universities that gave them generous need-based scholarships. My own family wasn’t poor by the time I went to college and my education at a prestigious private university cost a total of about $45,000 (in 2006) after the need-based scholarships that I got. Some of that was paid for by loans and I don’t feel that those loans were predatory.
Cause its not like the prices keep going up cause the loans keep giving more and more.
That’s an argument for the government to help college students less, not to help them more.
Doctors borrow that much for medical school. Their undergrad degree doesn’t cost more than anyone else’s.
The government does step in and run state schools where it sets the prices, and its prices are reasonable. In this context, private universities are a luxury.