In many European nations, college is mostly paid for by the government. Something more "Socialist" (at least to many US politicians) but, I can see a stark benefit there...
Here you either 1) Have the $ 2) Work your way thru to have the $ 3) Borrow the $, and run the risk of being an indentured servant, if not slave, for the majority of your life.
Yeah but then the quality of education goes down. You also have those who aren't serious about school attending when that happens. I try to get good grades because I pay for all my classes straight out of my pocket. They're doing some of the same thing here in the states on a smaller level, and it does (for majority of students I see) is give them less motivation. They start to fail a class they thought they would enjoy, or would need, and end up failing because they didn't pay for it. The program is called FAFSA by the way.
So for the first one, when college institutions are privatized, you will have affordable (not exactly cheap, but realistic) under-graduate schools, affordable graduate schools, and very cheap vocational/trade schools. In a business they would want to give the best that they can for their dollar, without the government hassling them over whether or not their tuition is high enough (90/10 rule).
As for the second, many used to be able to work through the summer or through the year while attending school, without going past broke. I wish I were in that position.
Lastly, if there wasn't this hyperinflation everyone around the world is experiencing then we wouldn't have to put ourselves to the mercy of banks. The only reason why banks give out loans like this is because they're a business and they are allowed to. If college institutions were cheap you wouldn't need to take out massive loans, and create this monstrous debt for yourself. It's not the bank's fault that tuitions keep rising. They need to make a living though, and giving out loans is one way to do that.
