![]() Why? Because the government lends their customer money without regard to the collateral value of the education they get. There isn’t a business in the world that could raise its price at that rate, delivering the same product and still be in business, but the colleges are. For me, it’s 50 years and almost 8 percent. Run the compound growth rate for your college’s tuition from your freshman year to the current year. ![]() The issue is the cost of higher education. Betsy Mayotte, president of the Institute of Student Loan Advisors, has it right (” Debt forgiveness not enough to make paying for college easier, activists say,” Page A1, Sept.
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