“she mentioned she’s had three 17 year old sons but wouldn’t loan them money,...”
So typical of a big time liberal. First blame the rich (productive achievers, capital sources), say government does it better and then be sure the “benefit” you are in favor of is on someone else’s dime.
She is probably well off (as you can’t be a politician in D.C. for long without being cut into a lot of good deals), yet she is comfortable with her kids getting taxpayer funded college loans.
Also, the ready availability of cheap student loans allows colleges to keep on raising tuition instead of looking for cost savings in their budgets. Government intervention in any market situation makes the prices paid rise or out of sync with the product value.
Absolutely. Just look at your friendly neighborhood hospital for proof.