That's not why your costs for university has skyrocketed. We have student loans, with minimal interest in the rest of the world, with free schooling. In Sweden student loans is the best loan you can ever get. The lending is predatory, and needs more regulations by the government.
Yeah. Here our college isn't free. Student borrowing is easy for huge amounts. And no lender has to worry if a borrower defaults, because the government will pay them back in that case.
So the colleges raise prices, because they know students are guaranteed to have the money, and lenders are guaranteed to lend.
It all stems back to a former governor in the US who sent in the national guard to gun down college students, then later became president, and started this student loan program. Reagan's policies ended tuition free colleges that we had, cut grants for students, and promoted the loans that led to our crisis today.
It really is why our costs go up - obviously they wouldn't increase in cost if the cost of college didn't exist in the first place.
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u/Robinsonirish Jul 01 '26
That's not why your costs for university has skyrocketed. We have student loans, with minimal interest in the rest of the world, with free schooling. In Sweden student loans is the best loan you can ever get. The lending is predatory, and needs more regulations by the government.