Biden Townhall, Sarasota, 09-02 - College Tuition

[guyjohn59]

College costs so much because it is so easy for people to get loans. But with loans drying up and people defaulting, colleges are going to have to either lower their tuition or close down. The government can only hurt the situation by "bailing out" the college and private loan companies, thereby keeping tuition high, keeping everyone in debt, and hyper inflating the dollar. The bottom line is universities will have to cut back in order to compete will community colleges.