One of the biggest lies pushed by Republicans? The government student loan program is making tuition's skyrocket. That's simply not true. As college funding gets cut by the enemies of public education, the Republicans, tuition rises to make up for the losses.
For fun, here's a recent video clip of Dumb Ron Johnson spinning that old talking point like it made any sense:
WSJ: He also criticized federal spending on higher education, saying it has caused tuition to increase well above the rate of inflation.Taking the government out of the student loan program would mean higher interest rates and wonderfully large bank profits. Ya think Johnson knew that?
“We have poured money into higher education. … All of our good intentions trying to make college more accessible, we’ve made it less accessible because we’ve made it so much more unaffordable,” he said.
In a Urban Milwaukee article by Bruce Murphy, Millennials are moving into cities partly because they can't afford houses or cars due to high student loan debt.
Murphy details the reason for the high cost of tuition; Republican defunding of our public universities:
Young people raised in the suburbs seem to find cities far more interesting places to live. But another factor that may make cities more attractive for young people is the rising level of student debt. For decades, state governments have been decreasing support of public universities, forcing them to jack up tuition. Since 1978, as a story in Bloomberg reported, the cost of college tuition has risen 12-fold — by 1,120 percent!
The result has been a soaring increase in student loans and resulting student debt. The average 2014 graduate holding student loans owes $33,000, the Wall Street Journal has reported, up from around $31,000 in 2013 and way up from $10,000 for the 1993 graduating class.
Adding difficulty is that many graduates aren’t getting the kind of high paying jobs needed to handle this crushing debt. An article on PolicyMic.com points out that between 2005 and 2012, the average student loan debt jumped 35 percent, adjusting for inflation, while the median salary dropped 2.2 percent.