One of the primary causes of upwardly spiraling college tuition costs is pretty simple: Supply and Demand. With the availability of college loans and scholarships from the government there are more and more young people seeking a higher education, so the demand for a college education is rising.
With the demand for college admission rising, the supply of slots open for them is diminished, and consequently the price of tuition is skyrocketing.
So, here’s a serious question for Americans to ponder: Does EVERY value we hold dear have to be ruled by capitalism? Is the need for a better educated workforce outweighed by the supply and demand value? What are the real world consequences of “just letting market forces” decide everything?
At some point, reasonable people need to put down ideology and look at the world realistically.
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