Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
I was out of the house at 18 and supporting myself. Put myself through college without taking out student loans. Of course that was when my tuition for a year of school was about $2,500. Someone will have to explain to me why the cost of higher education has absolutely EXPLODED over the past forty years! You have a problem with student debt? Ask why colleges charge so much!
Because colleges are like any other business, supply and demand. When I was a teen in the 70's in the baby boom era, out of our class of 35 kids, maybe about 10 would attend college, and probably something like 8 made it through and got a degree. Today, nearly every high school student needs to go to college if they want to make a comfortable living, so we created a huge demand and a huge shortage of supply. Prices go up.