I have no idea what you're talking about. You can't analyze the current situation while ignoring the past and the changes (privatization) that have happened.
Tuitions went up in the US because the govt has progressively withdrawn subsidies.
Student loans amounts grew to match. Also, student loan writing was privatized, and collections have been given real teeth.
I work in higher ed at a "public" university, which is quickly becoming a private institution, meaning that the admin is planning to be 100% tuition supported within a few years. So now we're "competing" for the best (highest tuition paying) students.
This is exactly the kind of bubble (price inflation running ahead of real value) that occurs when public goods are privatized.
> This is exactly the kind of bubble (price inflation running ahead of real value) that occurs when public goods are privatized.
What public goods are being privatized? Student loans? Universities?
Diploma Mills like University of Phoenix and a million other clones started flourishing as gov student loans became widely available. That is what you're competing with.
Tuitions went up in the US because the govt has progressively withdrawn subsidies.
Student loans amounts grew to match. Also, student loan writing was privatized, and collections have been given real teeth.
I work in higher ed at a "public" university, which is quickly becoming a private institution, meaning that the admin is planning to be 100% tuition supported within a few years. So now we're "competing" for the best (highest tuition paying) students.
This is exactly the kind of bubble (price inflation running ahead of real value) that occurs when public goods are privatized.