That's a recent phenomenon. As recently as the late 1990s, that was not the case. You can track the explosion in university costs directly in line with a chart showing the growth in student loan debt. Student loan debt went from ~$250 billion in 2002 to $1.2 trillion in 2015, approximately.
You won't see very many people asking the obvious questions: what the hell caused that sudden extreme spike in costs and who is responsible? Mostly what you see is complaints about it. The system worked before (pre cost explosion), then they broke it.
The government caused it by incentivizing the ability of universities to perpetually raise tuition prices, even against the extreme economic destruction of the great recession; they did that via loan guarantees that kept inflating (and as they inflated, the schools raised prices right along with it). The outcome of perpetually raising loan guarantees was obvious and they did it anyway.
Being able to discharge student loan debt more easily, will help deflate the government's bubble. It can't happen soon enough.
For decades the US had a cost effective, wildly successful university system nationally. It was the envy of the world, to put it mildly. Every other developed region on the planet spent the post WW2 era trying to copy its extraordinary results in terms of economic and scientific output. The rest of the world still has nothing to compete with the top 100 US universities as a whole.
These days, as far as quality of education goes, public schools in-state still provide tremendous value at a modest cost compared to what it does for your job and income earning prospects for life.
You won't see very many people asking the obvious questions: what the hell caused that sudden extreme spike in costs and who is responsible? Mostly what you see is complaints about it. The system worked before (pre cost explosion), then they broke it.
The government caused it by incentivizing the ability of universities to perpetually raise tuition prices, even against the extreme economic destruction of the great recession; they did that via loan guarantees that kept inflating (and as they inflated, the schools raised prices right along with it). The outcome of perpetually raising loan guarantees was obvious and they did it anyway.
Being able to discharge student loan debt more easily, will help deflate the government's bubble. It can't happen soon enough.
For decades the US had a cost effective, wildly successful university system nationally. It was the envy of the world, to put it mildly. Every other developed region on the planet spent the post WW2 era trying to copy its extraordinary results in terms of economic and scientific output. The rest of the world still has nothing to compete with the top 100 US universities as a whole.
These days, as far as quality of education goes, public schools in-state still provide tremendous value at a modest cost compared to what it does for your job and income earning prospects for life.