Why Is College So Expensive? And Can Obama Make It Cheaper?

Feb 2, 2012 | Posted by: Mr_Bill | Full story: www.theatlantic.com

How to control public college costs in two easy steps: (1) Get states to stop cutting education budgets and (2) push schools to become more efficient. Getting it done is the hard part.

Last week, President Obama declared war on the rising cost of college -- or at least, he did so to the degree that a notoriously even-keeled politician with a penchant for policy wonkery can declare war on such things. Speaking at the University of Michigan, he laid out a four-point* plan to reverse the surge of tuition rates and student debt that, for many Americans, is threatening to turn higher education into an unaffordable luxury.

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Feb 2, 2012
 

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Obama and Barney and Dodd completely ruined the housing market. Why would anyone trust him with our children's education??
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Nha Trang, Vietnam

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#2
Feb 2, 2012
 
Dr. Bill_mr! U is the Eddie the...not asky question!! Gate n Buffett Breakfast...Dinner on Obama! ;-0000h, wanna mi buy luncheon...;)
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#3
Feb 2, 2012
 
BandMaster wrote:
Obama and Barney and Dodd completely ruined the housing market. Why would anyone trust him with our children's education??
even U finish College then be comin a Cocktail service McBeer!! ;) go to McCain High School is free ;-000
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#4
Feb 2, 2012
 
Dr. Bill_mr! Obama stil learn how to drink McBeer! no more ????????? ok onlee !!!!!!!! ;)~~

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Feb 2, 2012
 

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Why is college so expensive? Why is everything so expensive? It's call credit.

Let's say there was no such thing as credit. Let's say you had to pay cash for everything. Do you think a car would cost $50,000? Or a home would cost hundreds of thousands of dollars? Or a college education would rival the cost of that home?

Credit has allowed the price of things to go from manageable to outrageous because it spreads out the pain of payment. College is no different. When I was young banks didn't give out loans to kids to go to school. They might have given your parents a loan; but an 18,19,20 year old kid? When pigs fly. Which is why college was reserved for those people who wanted to BE something. You didn't go to college to become a manager at Taco Bell. You might have gotten a government education loan, or scholarship, or you worked to pay for school, or your parents paid for it. And the cost was more manageable.

Then the government and banks got together (dear God) and the gov told the banks it would guarantee the loans for education. And suddenly the cost of higher education exploded. The loans were more readily available through banks and colleges saw that as a sign of untapped resources. They could charge what they wanted without blinking an eye because loans became THE way to pay for school. This made paying for school in any other way virtually impossible.

The schools make out like bandits. The banks are guaranteed repayment with interest, and the govenment makes interest, as well. Who's on the losing end of this? Students, of course. Owing a lot of money at a young age, and often unable to find a job to help pay that off, they start out in life under the thumb of debt that holds them down for years to come.

The cost of college will eventually surpass even the ability to pay for it with loaned money. Once fewer people start attending, colleges will have to learn to live on less (like everyone else) and make education more affordable in order to attract more students.

Since: Dec 10

Ron Paul 2012

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#6
Feb 2, 2012
 
Colleges and Universities know that students will apply for federal financial aid. As long as the gov't is in the business of doing this the tuition rates will continue to go up. They know the students will get fed backed loans so they up the cost. This is a concept that can translate into every sector the gov't injects money in to. Gov't does not have competition which would naturally keep things from getting inflated.

“i hope we can change this!”

Since: Aug 08

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Feb 2, 2012
 

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well, we ALL know what a GREAT job obama has done with the economy, in helping homeowners with mortgage problems, easing the financial burdens of medical costs, gas, food and clothing...and let's not forget the SMASHING success of the 3/4 $trillion stimulus debacle and "cash for clunkers"!!!

so, we're THRILLED to know our fearless leader is taking on the higher education establishment...for us!

what would we do without fearless leader looking out for us?

(we'll find out come november!!!)
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#8
Feb 2, 2012
 
if U all think Colleage or Universitea 2$$$$$$$$ then go to McCain High School is free...excusea mi to hav to pisss and nap..bi bye sea U later Topix

;-000000
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#9
Feb 2, 2012
 
Dr. Bill_mr! stop question da Robuttt ok ;)~
S-N-A-F-U

Chandler, AZ

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Feb 2, 2012
 

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At one time we were at the top of the educational heap, and now, Compared to other industrialized nations we're 12th in educational standards.

As long as we have dumbed down curricula like women's studies, black studies,underwater basket weaving and affirmative action we will continue to turn out teleprompter midgets looking for a crutch....'Nuff said.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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Feb 2, 2012
 

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carey529 wrote:
well, we ALL know what a GREAT job obama has done with the economy, in helping homeowners with mortgage problems, easing the financial burdens of medical costs, gas, food and clothing...and let's not forget the SMASHING success of the 3/4 $trillion stimulus debacle and "cash for clunkers"!!!
so, we're THRILLED to know our fearless leader is taking on the higher education establishment...for us!
what would we do without fearless leader looking out for us?
(we'll find out come november!!!)
He reversed the course from the Great Bush Recession. He saved the American auto industry, and millions of jobs.

But Yes, he should have been much tougher with the GOP roadblock on progress in the Congress. I would have withdrawn FAA support from their airports, closed Federal courts and pulled all soldiers from abses in their states. Obama wants to compromise with incorrigable Republicans, and therefore is less effective than he could have been.
Eleanor

Buffalo Grove, IL

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#12
Feb 2, 2012
 

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PayThat CEO wrote:
Why is college so expensive? Why is everything so expensive? It's call credit.
Let's say there was no such thing as credit. Let's say you had to pay cash for everything. Do you think a car would cost $50,000? Or a home would cost hundreds of thousands of dollars? Or a college education would rival the cost of that home?
Credit has allowed the price of things to go from manageable to outrageous because it spreads out the pain of payment. College is no different. When I was young banks didn't give out loans to kids to go to school. They might have given your parents a loan; but an 18,19,20 year old kid? When pigs fly. Which is why college was reserved for those people who wanted to BE something. You didn't go to college to become a manager at Taco Bell. You might have gotten a government education loan, or scholarship, or you worked to pay for school, or your parents paid for it. And the cost was more manageable.
Then the government and banks got together (dear God) and the gov told the banks it would guarantee the loans for education. And suddenly the cost of higher education exploded. The loans were more readily available through banks and colleges saw that as a sign of untapped resources. They could charge what they wanted without blinking an eye because loans became THE way to pay for school. This made paying for school in any other way virtually impossible.
The schools make out like bandits. The banks are guaranteed repayment with interest, and the govenment makes interest, as well. Who's on the losing end of this? Students, of course. Owing a lot of money at a young age, and often unable to find a job to help pay that off, they start out in life under the thumb of debt that holds them down for years to come.
The cost of college will eventually surpass even the ability to pay for it with loaned money. Once fewer people start attending, colleges will have to learn to live on less (like everyone else) and make education more affordable in order to attract more students.
Brilliant !! Well said.

Some people are so addicted to credit, they think it is a God-given right.

And yet 'easy money'(credit) allows too many dollars chasing too few goods/services, resulting in much higher prices/costs.

'What the traffic will bear'. Meaning charging WHATEVER people are willing to pay.

Without credit, most people would not be willing/able to pay very much, which would push prices LOWER.

Since: May 11

Jacksonville, FL

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under libaerlism college is certainly atainable for almost everyone, there is still the question of whether this will cost an arm and leg literally to finish, also no one talks about the duties required to remain on the "winning side" of the U.S. education and healthcare systems

tell them you want to be on "winning side" of liberalism

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Aaron Kent wrote:
Colleges and Universities know that students will apply for federal financial aid. As long as the gov't is in the business of doing this the tuition rates will continue to go up. They know the students will get fed backed loans so they up the cost. This is a concept that can translate into every sector the gov't injects money in to. Gov't does not have competition which would naturally keep things from getting inflated.
Federal financial aid....as in Pell Grants aren't easy to get. Most education is paid for through government guaranteed bank loans or scholarships funded by state lottery funds.

When the government loaned money to people years ago for college, tuition was in check because the government would only pay so much. Once banks started loaning wads and wads of education money, there was no cap on the price of tuition and schools went crazy.

It is NOT the goverment inflating costs...it is schools knowing they can charge whatever they want because there's nothing to stop them.

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Feb 2, 2012
 

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Eleanor wrote:
<quoted text>
Brilliant !! Well said.
Some people are so addicted to credit, they think it is a God-given right.
And yet 'easy money'(credit) allows too many dollars chasing too few goods/services, resulting in much higher prices/costs.
'What the traffic will bear'. Meaning charging WHATEVER people are willing to pay.
Without credit, most people would not be willing/able to pay very much, which would push prices LOWER.
You're right. Credit used to be thought of as a bad thing. Many years ago, if you had to rely on credit you weren't managing your money properly.

I dumped all my credit cards 10 years ago. Funny thing is, I have more money now and I pay cash for everything I buy, including cars. It's amazing how much you can save up when you aren't busy paying the interest on things you really didn't need in the first place.
Wotan

Rising Star, TX

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#16
Feb 2, 2012
 

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Eleanor wrote:
<quoted text>
Brilliant !! Well said.
Some people are so addicted to credit, they think it is a God-given right.
And yet 'easy money'(credit) allows too many dollars chasing too few goods/services, resulting in much higher prices/costs.
'What the traffic will bear'. Meaning charging WHATEVER people are willing to pay.
Without credit, most people would not be willing/able to pay very much, which would push prices LOWER.
Speaking of credit, the link below may be enlightening. Watch before you judge.

http://www.youtube.com/watch...
Wotan

Rising Star, TX

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Feb 2, 2012
 

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PayThat CEO wrote:
<quoted text>
You're right. Credit used to be thought of as a bad thing. Many years ago, if you had to rely on credit you weren't managing your money properly.
I dumped all my credit cards 10 years ago. Funny thing is, I have more money now and I pay cash for everything I buy, including cars. It's amazing how much you can save up when you aren't busy paying the interest on things you really didn't need in the first place.
You obviously are not getting by on an minimum wage job, or two, or even three. Watch he video link I sent to Elenor.
got med

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#18
Feb 2, 2012
 

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PayThat CEO wrote:
Why is college so expensive? Why is everything so expensive? It's call credit.
Let's say there was no such thing as credit. Let's say you had to pay cash for everything. Do you think a car would cost $50,000? Or a home would cost hundreds of thousands of dollars? Or a college education would rival the cost of that home?
Credit has allowed the price of things to go from manageable to outrageous because it spreads out the pain of payment. College is no different. When I was young banks didn't give out loans to kids to go to school. They might have given your parents a loan; but an 18,19,20 year old kid? When pigs fly. Which is why college was reserved for those people who wanted to BE something. You didn't go to college to become a manager at Taco Bell. You might have gotten a government education loan, or scholarship, or you worked to pay for school, or your parents paid for it. And the cost was more manageable.
Then the government and banks got together (dear God) and the gov told the banks it would guarantee the loans for education. And suddenly the cost of higher education exploded. The loans were more readily available through banks and colleges saw that as a sign of untapped resources. They could charge what they wanted without blinking an eye because loans became THE way to pay for school. This made paying for school in any other way virtually impossible.
The schools make out like bandits. The banks are guaranteed repayment with interest, and the govenment makes interest, as well. Who's on the losing end of this? Students, of course. Owing a lot of money at a young age, and often unable to find a job to help pay that off, they start out in life under the thumb of debt that holds them down for years to come.
The cost of college will eventually surpass even the ability to pay for it with loaned money. Once fewer people start attending, colleges will have to learn to live on less (like everyone else) and make education more affordable in order to attract more students.
dear God Obamasterband!!! if U don't wanna John School tryin dis uno!!
http://en.wikipedia.org/wiki/Sandra_Day_O 'Connor_High_School_(Arizona)
wanna think about House!!
http://en.wikipedia.org/wiki/Sandra_Day_O 'Connor_United_States_Courthou se

don't thx mi for freein4obamation ;-000
Bill B

North Haven, CT

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#19
Feb 2, 2012
 

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Mr_Bill wrote:
<quoted text>
He reversed the course from the Great Bush Recession. He saved the American auto industry, and millions of jobs.
But Yes, he should have been much tougher with the GOP roadblock on progress in the Congress. I would have withdrawn FAA support from their airports, closed Federal courts and pulled all soldiers from abses in their states. Obama wants to compromise with incorrigable Republicans, and therefore is less effective than he could have been.
...auto bail out was initiated by Bush Admin u ignorant, hater, azzholle!!
got med

Nha Trang, Vietnam

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#20
Feb 2, 2012
 
Bill B wrote:
<quoted text>...auto bail out was initiated by Bush Admin u ignorant, hater, azzholle!!
TX is Jay Rocketfeller Oil...so how is TX do with USMotor...CTer;)

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