Quote Originally Posted by JoeT View Post
The reason (I think) that the cost of secondary education has increased so dramatically is for a couple reasons

1. the government now guarantees student loans. There is no risk involved for the college/university. They'll get their money so they can charge whatever they want

and

2. basic supply and demand. Years ago, only the brightest or those with certain career plans went to college. Now I would guess that number is (I would guess) closer to 80% of those that graduate high school. The "better schools" can charge more because of the exclusivity of going there.


so you get a combination of "Little Johnny" needing to go to a better school and there being no risk in the school getting paid...they can charge whatever they want
I think there is something to be said for #2.

However, won't privatizing primary school have the exact same effect? Nevermind our new 80%. We'll then have 100% if primary school is still mandatory. Which I hope it will be - Unless we want the majority of our children to be day laborers.

I'm not sure #1 holds water. I fail to see how a guarantee on a loan has anything to do with the ability to raise the price of the service. Because it is guaranteed? Someone still has to take on that loan and what they will or will not agree to pay is on them regardless of whether it is backed or not.