When someone else is paying the bill, the cost will always go up, it doesn’t matter if it’s medical care, medicine, or tuition.
“Why is Tuition going up”, UHHH GREEDY WORTHLESS OVERPAID Admins, “professors” and State Boards of Regents!
Hillsdale College does not allow any of their students to take out federal loans. They have their own pool of loan funds available from alumni donations and carefully screened lenders.
These lenders have found that Hillsdale graduates tend to grow up to be very useful citizens and have a lower default rate than the federal program. As a result, they can offer both reasonable tuition and loan rates.
Sooner or later, more and more of the most worthwhile colleges will be driven to do exactly the same thing. When they reach critical mass, the federal loan program will be strictly for losers.