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 Student Loan 'Forgiveness'?
Quantum 1k posts, incept 2021-05-18
2022-04-30 08:23:31

There's another angle to the state of higher education that does not get much notice. Easy risk-free (to the lender) loans definitely allowed higher tuition to prevail (the last time I looked the inflation-adjusted tuition at my first school was up 500% from when I started as freshman in the 1980s). But tuition didn't go up just because of a demand shift:

This WSJ piece from 2014 is paywalled, but the part you can see for free basically tells the whole story. Some students are getting student loans to pay full price and are having their borrowed money handed to other students in a non-transparent way via subsidies for more favored classes of people. The part of the article that is unreadable includes the observation that college administrators worry that if that was well-known, paying/borrowing students might object.

Our God, will you not judge them? For we have no power to face this great multitude that is attacking us. We do not know what to do, but our eyes are on you. --2 Chron. 20:12
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