Yes, it is a great scheme.
Our modern concept of "public" schools were created by Rockefeller (et al), with early efforts starting in the 1890s. Private student loans were created by Rockefeller (through the Carnegie Corp) in the 1910s (If I remember correctly) to increase enrollment. The government portion of Student Loans were also created by the Carnegie Corp (Pell Grants), and then handed over to the tax payer to pay for it.
About 50 years later (1970s), after everyone was convinced that the youth must go to college to be successful, college tuition started to increase, even in "State schools" (which is a fabrication in itself, since all schools, public or private, are all run by the same conditional funding scheme). Tuition crept up, year after year, until a B.S. (great acronym) at any State college costs $100k - $200k. Depending on housing costs private schools can double that, which are also paid for by loans.
But State schools still cost more than their tuition, the rest of the burden is paid for by the tax payer. All of that money going into the School Industrial Complex.
It is a fantastic scam. Create the institution, convince everyone they should go, offer a "payment plan" to make it possible, increase the costs as more attend, get the State (the public) to pay for it.
Yes, it is a great scheme.
Our modern concept of "public" schools were created by Rockefeller (et al), with early efforts starting in the 1890s. Private student loans were created by Rockefeller (through the Carnegie Corp) in the 1910s (If I remember correctly) to increase enrollment. The government portion of Student Loans were also created by the Carnegie Corp (Pell Grants), and then handed over to the tax payer to pay for it.
About 50 years later (1970s), after everyone was convinced that the youth must go to college to be successful, college tuition started to increase, even in "State schools" (which is a fabrication in itself, since they are all run by the same conditional funding scheme). Tuition crept up, year after year, until a B.S. (great acronym) at any State college costs $100k - $200k. Depending on housing costs private schools can double that, which are also paid for by loans.
But State schools still cost more than their tuition, the rest of the burden is paid for by the tax payer. All of that money going into the School Industrial Complex.
It is a fantastic scam. Create the institution, convince everyone they should go, offer a "payment plan" to make it possible, increase the costs as more attend, get the State (the public) to pay for it.