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Education
College at its origin was a finishing school for lets, to the point where part of the admissions process was like, what lists were you were you on? And when they published rankings of students, it wasn't just based on grades, it was also based on the wealth and social status of your family e. The new thing is combine that with student loans, especially uncapped student loans, and especially federal student loans. So inasmuch as you're providing more capital, the people have to take zero up front cost to borrow m and pay for college, that increases demand. People are competing for these for spots in the finishing school, in the finishing schools. That's still not a good