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?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.This isn't charity or benevolent. This is just bilking a different class of people.Efforts to reduce the cost of tuition, rather than shift the cost burden to different people, are the real humanitarian work here.Here's a story from 2013 on Texas's efforts to create $10,000 Bachelor's degrees. https://www.texastribune.org/2013/01/30/guide-getting-one-te...