this post was submitted on 15 Jun 2023
51 points (100.0% liked)

World News

22096 readers
230 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.


Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.


For US News, see the US News community.


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt issue such as the increasing price of college and students taking out loans they can’t afford.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 32 points 2 years ago* (last edited 2 years ago) (1 children)

“Unlike President Biden’s student loan schemes, this plan addresses the root causes of the student debt crisis. It puts downward pressure on tuition and empowers students to make the educational decisions that put them on track to academically and financially succeed,” he added.

Lowering people's ability to borrow doesn't really address the other problems which underlie high tuition costs - such as newer facilities costs, more administrative staff (both of which, IMO, heavily relate to the competition between schools to provide the most services to their students and court new student admissions), and decreases in federal and state funding coming from tax revenue which has led to many of these financial burdens being passed onto individual students.

Plus, as @misguidedfunk mentioned, we already tell students their upfront cost of attendance - multiple times even before they decide to enroll or start classes - and they have to acknowledge it as part of receiving aid.

[–] [email protected] 3 points 2 years ago

heavily relate to the competition between schools to provide the most services to their students and court new student admissions

Malcolm Gladwell podcast discussing this very thing: https://www.pushkin.fm/podcasts/revisionist-history/food-fight