I think mostly it was usury that drove education costs up, personally. Every time something gets a financer paying a lump sum that you make payments on, the company that you are purchasing the product from edges the price up more and more, because their is no pushback from the purchaser for lower prices, very limited competition, and the financer just pays whatever the company asks, no questions asked. This is why homes, cars, and now education, there is no possible way a normal person could purchase these things, even if they saved for 5 years. It is great for the company, as they get much more money, is great for the usurer, as every person who wants that product has to go through them for a loan now, it is only the end user, you and me, who get royally screwed.
breh 0 points 3.5 years ago
I think mostly it was usury that drove education costs up, personally. Every time something gets a financer paying a lump sum that you make payments on, the company that you are purchasing the product from edges the price up more and more, because their is no pushback from the purchaser for lower prices, very limited competition, and the financer just pays whatever the company asks, no questions asked. This is why homes, cars, and now education, there is no possible way a normal person could purchase these things, even if they saved for 5 years. It is great for the company, as they get much more money, is great for the usurer, as every person who wants that product has to go through them for a loan now, it is only the end user, you and me, who get royally screwed.