polaroidsredwine
Well-Known Member
- Credits
- 3,850
Colleges charge so much because people can take out extreme amounts of money in loans. They start charging higher when that increases. Loans being taken out go up to cover even higher costs, so loan limits get increased even more. Rinse, repeat; an endless cycle. The kicker is that in the end a good chunk of money goes to padding pockets more than helping to benefit students - even professors don't see much increase in salary unless they're tenured, and that's getting rarer and rarer these days.