[bjc]

So the general point stands that the availability of student loans appears to make students insensitive to the price of a more or less commodity thereby ensuring that the prices will continue to track with the availability of student loans.

[Scoutmaster]

It makes some students insensitive to the price of education, just as pre-approved credit cards make some people insensitive to the cost of clothing and electronics. Other students are acutely aware of the cost of certain colleges or higher education in general and make the decision not to take on student loans, or make the decision to minimize student loan debt.

For example, many students attend a community college for their first two years before transferring to a major state university or other university. Why? Cost of education.