This genius has it essentially backwards.It is the availability of student loans that begat rising education costs. Take out government backed student loans, eliminate them completely and tuition costs drop like a boulder in water. It is all about supply and demand. Dry up the money, demand drops drastically. To increase the demand, you do what? Lower the prices to get rid of the glut of supply.
eliminate them completely and tuition costs drop like a boulder in water.
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Eliminate usury on ANY debt, and the same thing happens.