Student loans fuel rising tuition costs

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  • JSB Sugar City, ID
    Oct. 16, 2012 2:03 p.m.

    Tekakaromatagi: Great idea.
    vern001: You make great sense.
    And, perhaps loans could be predicated on student performance. Don't do well--no more loans.
    Also, higher accreditation standards should be tied to student progress based on national tests.
    Right now we are in an education bubble similar to the housing bubble. What will happen when it bursts.

  • procuradorfiscal Tooele, UT
    Oct. 16, 2012 4:39 a.m.

    Re: "Universities share one characteristic with compulsive gamblers and exiled royalty: there is never enough money to satisfy their desires."

    And students are paying the price.

    The deranged explosion in the cost of higher ed greatly benefits "educators," of course, but not students.

    The cost of education at my [graduate] alma mater has increased, since I graduated in 1981, at a rate many times the rate of inflation, primarily because of a fivefold increase in posh physical plant and a six or sevenfold increase in staff and faculty. This, notwithstanding the fact that the number of students increased by less than 3%, and the ultimate indicator of educational success -- bar passage rates -- actually decreased.

    Those who suggest hostility to student loans equates to hostility toward students ignore the fact that it's STUDENTS that suffer the most from bloated government's deranged policies, incurring non-dischargeable debt slavery and perpetual government dependence, while "educators" bask in ever-increasing, unaccountable luxury.

  • vern001 Castle Rock, CO
    Oct. 16, 2012 12:04 a.m.

    My husband and I attended BYU first and then Johns Hopkins thanks to Pell Grants, scholarships, and government loans. Neither of us had parents who could lend us the money. Thanks to those government programs, we now make a good living and are repaying our debt to society through taxes on the higher salary we make because of our degrees. Government grants and loans are one of the best investments in the future of our country we can make.

    If the issue is that colleges are inflating prices because of these programs, the solution is simple. Only offer government loans and grants to students attending universities that have lower tuition, or to universities that put a certain percentage of their income into student programs, or find some other way of identifying and recognizing those schools, like BYU, that do a great job of educating students at low cost.

    Taking away government programs that help poor students is just going to increase the gap between wealthy and poor and take away the American dream from many young people.

  • Riles Midway, UT
    Oct. 15, 2012 1:06 p.m.

    I could not agree more. Anyone who truly understands economics knows that if you increase the demand for a service (education) by making A LOT more funding available (federal student aid for all), that service providers (particularly high demand providers like the Ivy League) will experience a supply crunch (shortage of teachers, larger classrooms, inadequate facilities, etc.); inevitably driving up prices for everyone. This will be followed by a boom in the number of new schools competing for the gravy train of money coming out of Washington, without regard for the quality of students being admitted. We wonder now why so many from the latest crops of college graduates are so unqualified for the professional workplace.

  • Gildas LOGAN, UT
    Oct. 15, 2012 9:10 a.m.

    ... but what about all those graduates who can't find work? I also note that I cannot get a tradesman to do a small project for me; they are all too busy.

    There seem to be too many graduates, too many students and not enough men on hand to do useful work.

  • etranger PROVO, UT
    Oct. 14, 2012 2:34 p.m.

    IT is so typical of "conservatives" to equate education with a commodity that you buy. mortgage rates inflates housing prices. But higher education is not a market place where one purchases a degree. The tuition money pays for the expenses incurred for a student to EARN a degree. I guess I understand now hhw and why conservatives endorse such institutions as University of Phoenix...I met a dean of one campus and he was permanently drunk.

  • Ultra Bob Cottonwood Heights, UT
    Oct. 14, 2012 10:29 a.m.

    A major strategy that businessmen use to defeat and prevent a free market is to get the government to loan money to their customers allowing the business to sell their product at a higher price than it would be without the government support.

    Probably the best example is Foreign Aid. Where our government loans money to foreign governments to buy American arms. The foreign government gets the tanks and planes and the American businessmen get the profit.

    The notion that student loans raise the costs of education is true. In this case we have government loaning money to students and the profits going to banks and universities.

    Further, the availability of well educated foreign workers reduces the need for high paid American workers regardless of education.

  • Tekakaromatagi Dammam, Saudi Arabia
    Oct. 14, 2012 9:56 a.m.

    When I went to college, universities were permitted to skim 10% off of a loan to cover their administrative costs for student loans. This motivates universities to have as many student loans as possible so they get a bigger kickback. This should be ended. It would not radically change things, but it would be a step in the right direction.

  • Truthseeker SLO, CA
    Oct. 14, 2012 9:22 a.m.

    Universities and colleges have seen a significant reduction in money coming from the state, particularly during the economic downturn. I would like to see an article examining this situation.

    Additionally, foreign students attend U.S. schools which are viewed as among the best in the world. They then return back to their countries of origin. If fewer American students attend college due to cost, would more foreign students then be admitted to make up the gap?

  • Mike in Cedar City Cedar City, Utah
    Oct. 14, 2012 8:01 a.m.

    It is easy to point to a problem. Much harder to show a solution. Romney thinks the poor and middle class should just borrow the money from their parents. Reading between the lines this editorial is just another anti goverment assistance tome from the Deseret News.

    If colleges are blithly rasing tuition because of the ready availability of government loans then maybe the solution might invove stopping that practice. It's also worth noting that until the Obama administration the student loan program had been largely privatized and interest rates were much higher than they are now. Maybe some of thet obscene education debt is due to that right wing mistake.

  • Salsero Provo, UT
    Oct. 14, 2012 1:53 a.m.

    If Romney/Ryan get their way, student loans will disappear. Only those with the financial resources of their families will be able to afford college. And for Republicans this is a good thing because with fewer young people going to college, there will be more people available to take the low-paying jobs businesses will be offering in the future.

    Along with the reduction in college and university graduates, businesses will have all the more reason to ship jobs overseas. And except for the young people who will be able to afford a university degree, competition for higher-paying jobs will be less and available to only a select few (not necessarily the best since many who might have qualified in the old days will not have the required education), maintaining the class basis of American society.

    Then with a shift to home schooling, there will be no need for an extensive high school program as these children, once indoctrinated into their cultural vacuum) will not need a broad "liberal" education. Since there will be no multi-cultural world within which they need to function, they will then fulfill their parents dreams of being "exactly like them".