I think it is because student loans can be gotten by most anybody regardless of credit or job, and regardless of someone defaulting on their loan the school gets their money. So almost anyone can go to college now. I would wager that these schools also lobby for higher loan amounts too. higher guaranteed loan = higher tuition.
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Tangent-love ago
"WHY DOES SCHOOLING IN THE US COST SO DAMN MUCH?"
I think it is because student loans can be gotten by most anybody regardless of credit or job, and regardless of someone defaulting on their loan the school gets their money. So almost anyone can go to college now. I would wager that these schools also lobby for higher loan amounts too. higher guaranteed loan = higher tuition.