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Originally posted by Bardock42
Well, my argument goes something like this.Students that want to be doctors already have to pay a big amount of money
Though the government funding for education would not exist anymore, the prices would likely still go down as the free market competition between schools as well as generally cheaper prices would force lower tuition fees.
And that doesn't take into account possible charities or community funding that I can of course not say will certainly be there, but would still assume would exist as well as University and Company scholarships.
[edit] My point is that it wouldn't be perfect, but at least just as good as what we have now (which isn't that good)
I'm not sure you fully get the whole governments subsidize fees thing.
The government subsidizes tuition fees, which lowers them and makes them moderately affordable, although they still remain expensive. But the reason the government subsidies are required are the costs of running the courses.
This funding makes up for the difference between what students pay and what courses actually cost.
If you remove the government funding.
And somehow let competition account for reduction in fees to the same level they are today when government subsidies are factored in.
You still end up with a shortfall on the costs of providing this education.
I'm not sure where Universities would derive the money to provide scholarships for the students they've already dramatically reduced fees to attract, while somehow attracting quality educators and making up for the loss of government funding.
Also the set-up costs of universities and other higher education institutions are enormous. So I wouldn't envisage the lowering of costs to be particularly rapid.