Universities are tax exempt, and highly profitable. Many have endowments over $1 billion [1]. Yet, the average cost in state is $10,000 per year, and almost $30,000 if out of state. For comparison, the tuition at Oxford College, one of the most prestigious institutions in the world, is $12,000 per year.
Student loans may be considered even predatory [2], adding to the injury.
There should be a better mechanism to allow people to go to college in the US, without subjecting them to half a lifetime of debt.
Universities are tax exempt, and highly profitable. Many have endowments over $1 billion [1]. Yet, the average cost in state is $10,000 per year, and almost $30,000 if out of state. For comparison, the tuition at Oxford College, one of the most prestigious institutions in the world, is $12,000 per year.
Student loans may be considered even predatory [2], adding to the injury.
There should be a better mechanism to allow people to go to college in the US, without subjecting them to half a lifetime of debt.
[1] https://en.m.wikipedia.org/wiki/List_of_colleges_and_univers...
[2] https://abcnews.go.com/US/wireStory/navient-settles-predator...