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What exactly is the reason for these ridiculous tuition prices and why is America okay with this?

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I know I'm not the first person to bring this up. I know free education is a topic in this election (hey Bernie!). But seriously. When I look at the loans and debt American families already face for cars, homes, etc etc I don't understand how it has come to this point. Charging $60,000 for a BA, which is necessary for almost any well-paid job, is a social crime imo. It is an utter disregard for the youth of today, and the economy of tomorrow. it's like a big "**** you" to the dwindling middle class. So I want to know: where does this money go? If thousands of students are admitted, all paying at least about $10,000 a year for crappy dorms, crappy caf food, old classrooms, and one nice building with the rest being concrete blocks, what is happening here? What is this money financing?? Maybe I'm just not understanding of financing a college, but...come on. This is actually embarrassing of the great U.S.A and I can't believe people just take on loans and hope for a good job in this economy. So, where is this money? Where does it go?

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