Big Government subsidies drive up college tuition

Skyrocketing College Tuition.
There is no Free Market in the industry we call higher education, and it is an industry like any other.  Endless government subsidies and loans allow education administrators to ignore the laws of supply and demand and keep jacking up tuition.

The Road to Serfdom  -  Bi-Partisan Big Government subsidies drive up college costs

• Free market forces are not allowed in the Big Government controlled Education Industry.
• With massive Government education debt, students become the new American Serfs working all their lives to serve their Masters in government. 

By Gary;
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The usual bi-partisan political games are afoot in Washington.  This time it involves Senate hearings on government subsidized student loans cashed in by for-profit private colleges.

Keep in mind that this is only a game.  With an election coming each party is trying to pretend that they give a damn.   
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Leftist Senator Tom Harkin (D-Iowa) chairman of the Health, Education, Labor and Pensions Committee, released his report this week after two years probing the education industry, its profits and sometimes aggressive recruiting techniques.

In mock horror Harkin said, "In this report, you will find overwhelming documentation of exorbitant tuition, aggressive recruiting practices, abysmal student outcomes, taxpayer dollars spent on marketing and profit, and regulatory evasion and manipulation."

Taxpayers financed $32 billion in student aid in the 2009-10 year at for-profit colleges, the report said. Yet more than half of the students dropped out in that year.

Naturally Harkin never bothers to talk about the billions of taxpayer subsidies and loans going to standard higher education industry colleges such as Harvard,  Penn State or or UCLA.

The Game

Here is the game of Big Government.

The education industry wants to suck hard on the public teat.  Naturally campaign money changes hands, but also jobs are always offered to ex-members of Congress in payment for years of loyal service to their financial backers. 

For example, former Wisconsin GOP Congressman Steve Gunderson was given the plush job as  president of the Association of Private Sector Colleges and Universities, which represents for-profit schools.  His members provide education to 3.8 million students, including working adults and veterans.
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“The report twists the facts to fit a narrative, proving that this is nothing more than continued political attacks on private sector colleges and universities,” Gunderson in a statement that naturally defends Big Government and private business sucking on the teat of the treasury.
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In a minority report, Senate Republican staff members claimed to criticize the report’s findings, saying that Democrats repeatedly refused to work in a bipartisan manner reports Bloomberg-Businessweek.

  It is the same old shell game of charge and counter charge while both parties support Big Government and the re-distribution of the wealth.

For the record, the report is more than 1,000 pages long and takes aim at Apollo’s University of Phoenix, Education Management Corp.,Washington Post’s Kaplan Higher Education and other for-profit colleges, which as a group spend more on marketing than instruction. 

For-profit colleges rely on federal financial-aid money for as much as 90 percent of their revenue.
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(USA Today)

The New American Serfs.
Through bi-partisan Big Government policy you remain a Serf, a wage-slave to your Masters in Government for a student loan debt you might not be able to pay off in an entire lifetime.  Plus it is a debt you are not allowed to go bankrupt on.  Miss a payment or two to your Masters and the debt grows and grows with interest and penalties.