Car companies seem to have figured out a lucrative business model: pump up the price of desirable cars (suvs, trucks), then offer low-interest loans, making it seem like you’re getting a good deal. That’s how you end up with an average new car price of 34k.
And now I’m wondering if the same dynamic is happening in education: schools increase tuition because govt-subsidized loans are easily accessible.
And now I’m wondering if the same dynamic is happening in education: schools increase tuition because govt-subsidized loans are easily accessible.