So with student loan caps…

[CU DMD]

What happens to higher ed?

We have two more years before my oldest starts so doesn’t affect me now, but I can’t help but think that I would not have been able to go to post-grad school with the new limits. I don’t even think the 150,000 would cover one year at MUSC now…..

 

[johnhugh]

What happens to higher ed?

We have two more years before my oldest starts so doesn’t affect me now, but I can’t help but think that I would not have been able to go to post-grad school with the new limits. I don’t even think the 150,000 would cover one year at MUSC now…..

It stops. Education is for libs.

in all seriousness, either tuition goes down and universities lay off a bunch of staff or the more likely result will be that higher education becomes even more exclusive for students of the upper class. We have to remember that the modern day conservative movement is all about closing the door of opportunity on those behind you

 

[fatpiggy]

Costs will trend towards whatever the cap is.

if the cap is higher, costs will trend higher. If the cap is lower, they will trend lower.

when is the last time a state university was created? We have more and more people wanting education, but we don’t have more choices.

How about a bill that creates more universities and more competition?

 

[MTTiger19]

Hopefully you will see the market reflect the change and tuition will go down. College is unaffordable for a lot of people that may not have access to certain grants and scholarships. Many of the universities are also bloated with faculty and staff. They’ve not been run efficiently and that should be corrected.

 

[Rahskie]

my understanding is that this is a cap on federal loan programs....you know the ones that Biden tried to forgive. This will create more lending options in the private sector where the loan requirements and ability to default or not pay are more rigid. I can see that many would see this as a downside, but to me, the federal government does NOT need to be in the student loan business. In fact. it is my opinion that the reason colleges have escalated costs so much is the fact that so many people can get loans, whether they can pay them back or not. There are studies that discuss this.

At the end of the day there could very well be negative impacts (fewer people going to colllege) in the short term, but in the long term this should reduce the costs of education. I think this is a good thing.