AS should be obvious, loan access allows rapid expansion of tuition fees. All unrelated to the lousy salaries paid to anyone else. It does not need a study by anyone to know what will happen and that expanding margins will be filled by rent seekers of all kinds calling themselves administrators.
Fixing it all is a problem though. True competition has been avoided. What is true is that the process has become seriously too pricey and if anything, the providers have been even more abused financially unless their star adds to the marketing story.
In the meantime, a third of the population gets a college experience which is rather too many except that much of the crowd are doing a commerce degree which i refuse see as other than light reading. It just does not demand either convincing teachers or convincing students.
When i went back in the sixties the slack road consisted of a general Bachelor of Arts course which possibly prepared you for teaching high school and that not as the history teacher either....
Fed Reserve concludes student loans linked to rising tuition costs
Dec 28, 2015 | By Martin Barillas
A satirical music video produced by Reason, a libertarian leaning website, provides insight into the causes of the soaring cost of higher education. The topic has been a favorite in Democratic presidential debates. Hillary Clinton is touting a plan to offer reduced rates for student loans, while Sen. Bernie Sanders is promising free education at public universities and colleges.