Brown University raising $120M to eliminate all student loans
Not that loan-free educations are bad, but why is Brown raising $120M from alumni and the like, rather than lowering their tuition by $120M?<p>The student loan crisis is only a crisis because Universities (lead by the Ivy League and similarly elite private colleges) are charging exorbitant prices for tuition, room, and board.<p>This isn&#x27;t charity or benevolent. This is just bilking a different class of people.<p>Efforts to reduce the cost of tuition, rather than shift the cost burden to different people, are the real humanitarian work here.<p>Here&#x27;s a story from 2013 on Texas&#x27;s efforts to create $10,000 Bachelor&#x27;s degrees. <a href="https:&#x2F;&#x2F;www.texastribune.org&#x2F;2013&#x2F;01&#x2F;30&#x2F;guide-getting-one-texas-new-10000-degrees&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.texastribune.org&#x2F;2013&#x2F;01&#x2F;30&#x2F;guide-getting-one-te...</a>