Sunday August 27, 2023; 9:59 PM EDT
- I’m seeking a pithy way to put it. Yes, student loans guarantee that less affluent folks can go to college.#
- But due to the add-on cost of loan interest, student loans guarantee that less affluent folks pay more for college than their more affluent classmates may end up paying.* #
- Somebody's making an easy profit from the least affluent students that way. More affluent students avoid this expense entirely.#
- *Of course more affluent students don't always end up going to college with very many folks from the other end of the income scale. For many Americans, the college experience is a clear expression of privilege or the lack of it.#