Reading people comments a lot of people says this man has no backing information, but I got a similar experience in Spain.
What happened in USA with education is what happened in Spain with homes:
Here home prices exploded, and remain high today, a 30m^2 flat(322square feet)in Madrid sells by 180keuros.
Normal flats cost no less than 300keuros, the interesting thing is that the prices started rising just when Aznar(he wanted to help as the USA gob) removed the limitations in loans years, and backing money you need for making a loan.
Normal loans went from 8 years to 10->20->30->40 years. Prices went up because someone with less money you have will pay more with virtual money from a 40 years loan he got from the bank without putting a cent.
When people could not pay the loan, they refinanced the loans with more years. That worked until now, things are not going well.
In Spain it costs over 1.000 euros/year to get a quality degree in Medicine or Engineering from a public university, this is 10% of the real cost of your education (over 10.000euros/year) for the state.
I regularly see MIT and Stanford lectures on Internet. They are not better that the education I received, but is way way more expensive.
What happened in USA with education is what happened in Spain with homes:
Here home prices exploded, and remain high today, a 30m^2 flat(322square feet)in Madrid sells by 180keuros.
Normal flats cost no less than 300keuros, the interesting thing is that the prices started rising just when Aznar(he wanted to help as the USA gob) removed the limitations in loans years, and backing money you need for making a loan.
Normal loans went from 8 years to 10->20->30->40 years. Prices went up because someone with less money you have will pay more with virtual money from a 40 years loan he got from the bank without putting a cent.
When people could not pay the loan, they refinanced the loans with more years. That worked until now, things are not going well.
In Spain it costs over 1.000 euros/year to get a quality degree in Medicine or Engineering from a public university, this is 10% of the real cost of your education (over 10.000euros/year) for the state.
I regularly see MIT and Stanford lectures on Internet. They are not better that the education I received, but is way way more expensive.