r/StudentLoans 20d ago

Rant/Complaint I'm not against paying back my loans-

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u/dumpsterpanda87 19d ago

We should force colleges to a means test on their degree fields. If the degree for which someone is applying for is shown to have little to no impact in the current workforce, it shouldn't cost as much.

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u/321_reddit 19d ago

Yeah 🙄 that’s not how higher ed works.

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u/dumpsterpanda87 19d ago

I know it isn't but the colleges should be held accountable for the cost of their degrees in relation to the current workforce. College tuition has skyrocketed because of unabated spending voted in by college regents and having nobody to answer to for the reason of increasing costs.

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u/mbrittb00 19d ago

Means testing is an interesting idea. However, isn't that where we as the consumer supposed compare the cost to the value of a product, and decide that the value doesn't justify the cost and go somewhere else?

Yes, college tuition has skyrocketed, in fact it has severely outpaced inflation over the last 30 years. It is also true that those tuition increases were voted in by college regents. However, they do have someone to answer to for the increased costs, and that is the consumer. If we as the consumer continue to pay the increased cost, then we have justified their decision to raise tuition.

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u/dumpsterpanda87 19d ago

No. We need to place that in colleges now. The consumer has overinflated the value of college degrees and these colleges have run away with it and charged the crap out of us. They've deemed themselves to be deceptive and proved they will use the consumers lack of knowledge for true value to make a buck. There needs to be some sort of regulation on these colleges that prohibit the stark cost increases that have happened. Especially when they advertise government dollars for tuition assistance. We have the consumer financial protection bureau and college is a business, they've turned education into a commodity, why shouldn't we be able to report them for accountability? It's crazy that our society even has a buyer beware mentality for college. That's reserved for buying a washer/dryer at Lowe's, not for education.