--- title: "Meaning & Key Takeaway of: Just like a house is worth whatever a…" description: "\"Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the ..." image: "https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg" --- # Just like a house is worth whatever a bank's going to lend… ![“Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the university. So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost…” quote by Michael Hudson](https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg) [Download](https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg) [Open image](https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg) > “Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the university. So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost of housing.” [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Student loans, like inflated housing loans, raise education costs, making higher learning a financial burden tied to borrowing capacity. **In simple terms:** Student loans inflate education costs like housing loans. Key Takeaway Reform loan systems to reduce cost inflation. Themes education finance inflation debt policy Mood concerned analytical Type policy economic When to use this quote - college budgeting - financial planning - policy advocacy - student counseling Key Concepts economics public policy Questions to Reflect On - What alternatives to debt financing exist? - How can students assess true education value? A Different Perspective Policy changes may be politically difficult to implement. ★ ★ ★ ★ ★ No ratings yet [Availability](https://sms4smile.com/quotes/about/availability/) [Cost](https://sms4smile.com/quotes/about/cost/) [Cost Education](https://sms4smile.com/quotes/about/cost-education-303246/) [Cost of education](https://sms4smile.com/quotes/about/cost-of-education-38322/) [Education](https://sms4smile.com/quotes/about/education/) [Education Worth](https://sms4smile.com/quotes/about/education-worth-537208/) [Government](https://sms4smile.com/quotes/about/government/) [House](https://sms4smile.com/quotes/about/house/) [Housing](https://sms4smile.com/quotes/about/housing/) [Lend Education](https://sms4smile.com/quotes/about/lend-education-4781212/) [Loan](https://sms4smile.com/quotes/about/loan/) [Loans Vastly](https://sms4smile.com/quotes/about/loans-vastly-4781213/) [Pay](https://sms4smile.com/quotes/about/pay/) [Student loan](https://sms4smile.com/quotes/about/student-loan/) [Student loans](https://sms4smile.com/quotes/about/student-loans/) [Students](https://sms4smile.com/quotes/about/students/) [University](https://sms4smile.com/quotes/about/university/) ## Related quotes > [If you think the cost of education is high, think about ignorance.](https://sms4smile.com/quotes/derek-bok/if-you-think-the-cost-of-education-is-high-think-about-ignorance/) [Derek Bok](https://sms4smile.com/quotes/author/derek-bok/) > [We have been restraining the growth of the cost of education-that is, tuition, room and board-to be within approximately one and a half percentage…](https://sms4smile.com/quotes/anonymous/we-have-been-restraining-the-growth-of-the-cost-of-education-that-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Paying the high cost of education is better than paying the high price of ignorance.”](https://sms4smile.com/quotes/matshona-dhliwayo/paying-the-high-cost-of-education-is-better-than-paying-the-high/) [Matshona Dhliwayo](https://sms4smile.com/quotes/author/matshona-dhliwayo/) > [The cost of an education is high - but not as expensive as ignorance.](https://sms4smile.com/quotes/vikrant-parsai/the-cost-of-an-education-is-high-but-not-as-expensive-as-ignorance/) [Vikrant Parsai](https://sms4smile.com/quotes/author/vikrant-parsai/) > [Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that's not permitted with student loans. So the…](https://sms4smile.com/quotes/michael-hudson/normally-if-someone-goes-bankrupt-you-wipe-out-the-debt-and-get-a/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Seventy-eight percent of millennials are worried about not having enough good paying job opportunity to pay off their student loans. 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He argued that the cost of education is trivial…](https://sms4smile.com/quotes/carl-sagan/nevertheless-jefferson-believed-that-the-habit-of-skepticism-is-an/) [Carl Sagan](https://sms4smile.com/quotes/author/carl-sagan/) > [I guess it's easier to bash rap artists than to talk about the country's real problems, such as the AIDS crisis, poverty, the cost…](https://sms4smile.com/quotes/bushwick-bill/i-guess-it-s-easier-to-bash-rap-artists-than-to-talk-about-the/) [Bushwick Bill](https://sms4smile.com/quotes/author/bushwick-bill/) > [We need to tap into new issues. There's a way to resurrect the sound policies of our party, but also to look toward new…](https://sms4smile.com/quotes/andrea-tantaros/we-need-to-tap-into-new-issues-there-s-a-way-to-resurrect-the-sound/) [Andrea Tantaros](https://sms4smile.com/quotes/author/andrea-tantaros/) > [I just kept telling myself that ultimately, the money that my grandparents had put away to go into my college fund, that they were…](https://sms4smile.com/quotes/g-eazy/i-just-kept-telling-myself-that-ultimately-the-money-that-my/) [G-Eazy](https://sms4smile.com/quotes/author/g-eazy/) > [As soon as you start asking what education is for, what the use of it is, you're abandoning the basic assumption of any true…](https://sms4smile.com/quotes/ann-bridge/as-soon-as-you-start-asking-what-education-is-for-what-the-use-of-it/) [Ann Bridge](https://sms4smile.com/quotes/author/ann-bridge/) > [Public education is a good foundation on which to build a better life for each of us. And if we want to prove to…](https://sms4smile.com/quotes/bill-cosby/public-education-is-a-good-foundation-on-which-to-build-a-better-life/) [Bill Cosby](https://sms4smile.com/quotes/author/bill-cosby/) > [Education is worth its weight in gold. Make no mistake about it.](https://sms4smile.com/quotes/clyde-drexler/education-is-worth-its-weight-in-gold-make-no-mistake-about-it/) [Clyde Drexler](https://sms4smile.com/quotes/author/clyde-drexler/) ## More by Michael Hudson > [Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the…](https://sms4smile.com/quotes/michael-hudson/europe-is-creating-the-flight-of-refugees-that-s-tearing-it-apart/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. 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They raise the cost of living.](https://sms4smile.com/quotes/michael-hudson/actually-high-housing-prices-don-t-help-the-economy-they-raise-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are…](https://sms4smile.com/quotes/michael-hudson/when-economists-speak-of-money-they-neglect-that-all-money-and-credit/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [The United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of spending their…](https://sms4smile.com/quotes/michael-hudson/the-united-states-and-europe-are-in-a-state-of-debt-deflation-where/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top…](https://sms4smile.com/quotes/michael-hudson/on-the-flat-tax-the-more-you-compress-the-tax-rates-the-more-you/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Income is sucked upward to the creditors, who then foreclose on the assets of debtors. 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Respect their choice and dont allow yourself to be an…](https://sms4smile.com/quotes/jordan-blake-michiels/if-someone-seems-interested-but-tells-you-they-are-spending-time-with/) [Jordan Blake Michiels](https://sms4smile.com/quotes/author/jordan-blake-michiels/) > [It's long been accepted as fact that the availability of family planning services saves lives. Where women have access to these services, children and…](https://sms4smile.com/quotes/martha-plimpton/it-s-long-been-accepted-as-fact-that-the-availability-of-family/) [Martha Plimpton](https://sms4smile.com/quotes/author/martha-plimpton/) > [With that availability of cash coming in to your restaurant, get a chance when you buy your restaurant, pay it off first and then…](https://sms4smile.com/quotes/jim-treliving/with-that-availability-of-cash-coming-in-to-your-restaurant-get-a/) [Jim Treliving](https://sms4smile.com/quotes/author/jim-treliving/) > [That which distinguishes the new thought from the old is not a denial of this Divine Reality, but an affirmation of its immediate availability.](https://sms4smile.com/quotes/ernest-holmes/that-which-distinguishes-the-new-thought-from-the-old-is-not-a-denial/) [Ernest Holmes](https://sms4smile.com/quotes/author/ernest-holmes/) > [Casting is all about availability, as much as anything else.](https://sms4smile.com/quotes/william-monahan/casting-is-all-about-availability-as-much-as-anything-else/) [William Monahan](https://sms4smile.com/quotes/author/william-monahan/) > [Those who have prophesied dreadful consequences as a result of the greater sexual freedom which the young assert - unwanted babies, venereal disease and…](https://sms4smile.com/quotes/colin-ward/those-who-have-prophesied-dreadful-consequences-as-a-result-of-the/) [Colin Ward](https://sms4smile.com/quotes/author/colin-ward/) > [I've gone to big stadium rock concerts at some artist's invitation, and there's this invariable, fascinating and rather sad situation of concentric circles of…](https://sms4smile.com/quotes/william-gibson/i-ve-gone-to-big-stadium-rock-concerts-at-some-artist-s-invitation/) [William Gibson](https://sms4smile.com/quotes/author/william-gibson/) > [At each stage of development the child needs different resources from the family. 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So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost of housing.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/michael-hudson/just-like-a-house-is-worth-whatever-a-bank-s-going-to-lend-against-it/", "about": { "@type": "Thing", "name": "Availability" }, "@id": "https://sms4smile.com/quotes/michael-hudson/just-like-a-house-is-worth-whatever-a-bank-s-going-to-lend-against-it/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg", "contentUrl": "https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg", "url": "https://sms4smile.com/quotes/i/78c/michael-hudson-2134_availability_just-like-a-house-is-worth-whatever-a-ba_1380403.jpg", "width": 1080, "height": 1080, "caption": "“Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Michael Hudson", "item": "https://sms4smile.com/quotes/author/michael-hudson/" }, { "@type": "ListItem", "position": 4, "name": "Just like a house is worth...", "item": "https://sms4smile.com/quotes/michael-hudson/just-like-a-house-is-worth-whatever-a-bank-s-going-to-lend-against-it/" } ], "@id": "https://sms4smile.com/quotes/michael-hudson/just-like-a-house-is-worth-whatever-a-bank-s-going-to-lend-against-it/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```