Student loan debt is officially the greatest non-mortgage debt in the United States today, even more than credit card debt and auto loans. Meanwhile, the average student leaves school after four years with around $30,000 in debt. Despite immense government aid and state interference, nothing seems to be working.
A new video from Prager University entitled “Game of Loans” tries to find out just why students aren’t catching a break on the high cost of post-secondary education.
Well, it’s simple: the government guarantees student loans to universities and colleges, which means there is zero incentive for these indoctrination centers, er, schools to decrease the exorbitant cost of attending classes on gender studies or Medieval history. Get the government out of the way and you’ll see the costs go down significantly over time.
Like anything else, when government subsidizes something it gets more expensive.
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