Inquiring minds are looking at a debt bubble here in the United States that is beginning to burst. Remember when it was said by politicians that young people just needed money to make to college? That it wasn’t fair? That just a little money would go along way?
And then, remember economists like Milton Friedman who said this change in supply and demand would cause inflation in higher education? Of course, Liberal/Progressives yelled, “No WAY!!!”
…there are over 18 million students [now] enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.
Amazing how supply side economics works.
Click here to see the 16 Shocking Facts of Student Debt.
Filed under: Uncategorized |