The Universities are responsible for this. They should take the hit out of their endowments for students that fail to repay.
You’re exactly right. When their hero federalized the industry and they knew the kids would have unlimited access to government money, everything increased. I remember reading that the university system in Cali had to increase tuition and fees by 13% or more one year. Funny, I never heard anything about the faculty being asked to take a pay cut or maybe some useless positions being cut for ridiculous degree programs and classes. Government, in all its forms, is nothing but a way for those on the Left to find work, not have to worry about performing and can usually make a comfortable living, doing it.