Reply to thread

Message: [QUOTE="upstater, post: 2511439, member: 153"] The vast majority of borrowers do not take those private loans. Most of the borrowers who do go to professional schools. But before defining the interplay as a racket, realize that we track job prospects for grads, and when we see that the stats are not tracking with what they did in the past, we make adjustments. This isn't a Trump U. scam. For instance, our law school just cut seats because the quality of candidates dropped. This mean the law budget will drop. The same dynamic occurs with fully-funded students (i.e. tuition remission + stipend). Because the academic market is bad, we can't justify letting in more than a few PhDs. We're reduced by 66%, and although that's not lost income (because we pay them) it is lost labor, because those students are cheap labor, and now we'll have to hire others to teach those classes. Schools adjust like this all the time. I was citing an economic factor to you earlier. There have been dozens of studies done on this issue. The increase in loans can only inflate the increase in tuition by a like amount, and there is little correlation here. [/QUOTE]