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The government is driving up college costs. There is an economic theory that is called from source to sink,alot like supply and demand. It means that if there is an unlimited source of money (government student loans) the cost will rise to meet it! As long as the government makes money available, costs will rise to meet the availability, because colleges can and will! By the way, its true for everything; education,Obamacare,energy, food, everything! Subsidize it and watch the costs explode!
I HATE it when you post the first paragraph of a story and then include a link to another webpage. Please provide advance warning that you are posting an incomplete story.
The student loan racket. It's not brain surgery. I think Mountanman pretty much nailed it.
Sorry, "Mountanman," I can't speak for the land of potatoes, but here in Wisconsin, the main reason that the cost of our UW system schools has risen is that the state has dramatically cut the percentage of funding that it provides. This past year alone, Governor Scott Walker's administration cut the University of Wisconsin schools' budgets by 22%. The net result is that tuition will rise 5.5% for next year's students. If the money is gone, it has to come from somewhere. Wisconsin used to cover more than half of the cost of it's UW schools. In the 2000-2001 budget, Wisconsin still provided 33% of the funding for its state universities. Now only 15% - 17% of university budgets (depending on the school) come from state funds.
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