Corps already whining about the dent in projected revenue they will suffer...
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colleges got so expensive b/c the government program gave loans to anyone for college. Once the money was easy to get tuitions increased. I agree colleges are way too expensive, take away the easy money and that all changes.
A similar thing happened with the housing market. Because there were so many two-income families beginning in the 1980s, housing prices went up because people could afford the higher prices caused by more people being able to afford houses. It seems that when more money is associated with something, the price goes up, even if the cost to make the item doesn't go up that much. I know, it seems like basic economics, but there is a bigger societal aspect to it all.
When i was in college I had a couple friends that took out student loans and bought new skis, boots, etc and season pass for skiing with the money. Needless to say their grades weren't very good. This was in early 70's.
yep, my best friend took the loan enrolled then disenrolled and got the cash. He paid it back when he joined the Navy.