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Another reason not to cut higher ed

Here (as highlighted by this story) are two additional good reasons not to cut public spending on higher education and thereby make it more unaffordable, as recommended by the right-wingers:

 #1 – Lower tuition (like we have here in North Carolina) means smaller loans, which clearly contributes to lower default rates. According to the story (citing the U.S. Department of Education), North Carolina’s student loan default rate of 5.9% is the lowest in the southeast and among the lowest in the country.

#2- For-profit vultures love to swoop in and suck up publicly-backed loans. Anything we can do to minimize this phenomenon — like keeping public education affordable and accessible is a good thing.

 

One Comment

  1. Eunice

    October 19, 2011 at 1:36 pm

    The next bubble to burst will be student debt- already amounting to over $2 trillion and counting. This has now surpassed credit card debt, and will probably be unsustainable especially with no jobs.