Is college more of a luxury experience than it was in the past? For example, are students purchasing more than just an education these days? We should be extremely cautious about so-called loan forgiveness. It's simply a debt transfer onto all working Americans.
The cost of college has ballooned over the past few decades, far outpacing inflation. In August the Biden administration announced plans to cancel student debt for more than 20 million Americans, a move many economists say will cost taxpayers more than 400 billion dollars and only compounds the problem of soaring college costs. In this episode we’ll explore how tuition prices became so outrageously high, and what some colleges are doing to reverse the trend