Old Virginia Joe
Bronze Member
If you trace the rapid increases in college tuition over the last few years you will find tuition increases closely correlate with federal student loan guarantees. The big beneficiaries of federally encouraged student loans have been physical plant at colleges and pay checks + benefits for tenured faculty; not students.
Another example of supply and demand, distorted by (well intentioned) government action, producing unintended consequences.
well said! My school (Virginia Tech) recently destroyed my old dormitory, built in 1957, a perfectly sound building of brick, block, and cement, to build a modern dorm on the same site. They won't admit it, but the old brick building did not match the look of the limestone block exterior of the newer parts of campus, so the old brick has to go. The other matching brick buildings also part of that same quadrangle are scheduled to go away as well. Spending money we don't need to be spending, and celebrating it as we do so!