Quote:
Originally Posted by Lamplighter
But that sort of thinking would put Google Search out of business...
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Problem is not scholarships. Problem is college loans provided in greater numbers. Which therefore financed increased tuitions of many 'for profit but we will not teach you anything useful' colleges. Leading that charge were U of Phoenix and Strayer. However the worst offenders have lesser known names.
It goes right back to a fundamental question. What is the purpose of a business. Scumbags, communists, and even the mafia say it is to make a profit. Only fools recite that business school lie. The purpose of every business is - number one - its product.
Many 'for profit' colleges are profit centers. The product is irrelevant. Leaving students to pay off massive debts decades later.
Unfortunately price of college has increased significantly without any demand for better product. For example, where is the increase in professors and basic research? Instead, most money goes into more administrators and new buildings.
Prices went up because so many more college loans were made available. Supply and demand - economics that is taught in college. This 'free money' has also been especially profitable for religious colleges. Tuition increased. They still teach virtually no math or science.