News link not RU Specific : In-State Tuition down out of state recruiting up
- Thread starter srru86
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We live in such a ridiculous country. We (well not we, but our leaders) changed laws so that we would have an economy that basically demands a college degree, and then we also refuse to make college cheap, and in fact are making it increasingly expensive.
But it serves the interest of those in charge to ensure that everyone is spending a good chunk of their income, from the moment they start their working careers, on interest. The rate of return on those college loans is much higher than buying government bonds, and much less volatile than the stock market. Then you have to rent instead of buy a house or finance a bigger chunk of it. Finance a car instead of buying it outright. Save money (in accounts that have to be managed, for a fee of course), to pay for your children's college.
But it serves the interest of those in charge to ensure that everyone is spending a good chunk of their income, from the moment they start their working careers, on interest. The rate of return on those college loans is much higher than buying government bonds, and much less volatile than the stock market. Then you have to rent instead of buy a house or finance a bigger chunk of it. Finance a car instead of buying it outright. Save money (in accounts that have to be managed, for a fee of course), to pay for your children's college.
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