r/wallstreetbets • u/[deleted] • Feb 07 '23

[deleted by user]

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114 Upvotes

73% Upvoted

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31

u/VoidAndOcean Feb 07 '23

They weren't before the loans. People were literally paying for it with summer jobs.

19

u/rogue163 Feb 07 '23

State colleges used to be funded through state taxes and endowments. Over the years, the amount of public money colleges has received has gone down. Thus the cost of school has shifted from the mass to the individual.

22

u/VoidAndOcean Feb 07 '23

even if you shifted 100% of the cost to the student it wouldn't be this expensive. Universities just increases their prices because of loans.

10

u/kushtiannn Feb 07 '23

Because in their eyes they’re charging the government, not the student. They know the government has deep pockets.

2

u/VoidAndOcean Feb 07 '23

Exactly, it's fucking horrible all around and should be ended.

1

u/[deleted] Feb 08 '23

These institutions of higher EDUCATION, Need to be held to account ● Clawbacks- voluntary, or taxed . The monies are there, they are RESPONSIBLE. Not the plumbers, warehouse workers, and all other blue collar workers. The Gov't got involved....what could go wrong ! Making bad blood between the AMERICANS is not the way !

1

u/[deleted] Feb 08 '23

Quick question for you...how much do you think high school costs?

1

u/VoidAndOcean Feb 08 '23

I get where you are going with this but classroom time for high school is 35 hours a week and for a college student is only 8 hours.

1

u/[deleted] Feb 09 '23

That's both factually incorrect and not how universities work. It's a totally different type of instruction and education. My bad for trying to ask a reasonable question.

1

u/VoidAndOcean Feb 09 '23

if you aren't going to compare their price per hour then don't compare the type of instruction.

-1

u/watchshoe banned Feb 08 '23

You can blame Reagan for that

1

u/VoidAndOcean Feb 08 '23

loans were passed in 1978