People wouldn't have to take loans if tuitions weren't ridiculously high.
The bulk of the talent is always going to come from the middle class, by nature of it's being 100 times the size of the upper class, and of the fact that, by and large, upper-class people aren't much smarter than the rest of us. If MIT wants to stay MIT, it'll find a way to get smart people in even if non-discharageable loans are abolished.
Yes... but come on. Examining a long term trend of transferring the costs of education from the public to the individuals being education and saying this is (solely, or even primarily) due to the ability of people to take out loans is silly. I'm not saying the availability of loans is entirely unrelated, but when was the last time you heard of budget increases to a public university in the USA (and no fake budget increases like in CA where the govt gives with one hand but takes more with the other; I mean a real net increase in per student dollars.)
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People wouldn't have to take loans if tuitions weren't ridiculously high.
The bulk of the talent is always going to come from the middle class, by nature of it's being 100 times the size of the upper class, and of the fact that, by and large, upper-class people aren't much smarter than the rest of us. If MIT wants to stay MIT, it'll find a way to get smart people in even if non-discharageable loans are abolished.
Yes... but come on. Examining a long term trend of transferring the costs of education from the public to the individuals being education and saying this is (solely, or even primarily) due to the ability of people to take out loans is silly. I'm not saying the availability of loans is entirely unrelated, but when was the last time you heard of budget increases to a public university in the USA (and no fake budget increases like in CA where the govt gives with one hand but takes more with the other; I mean a real net increase in per student dollars.)