[Repeal The 17th]

IF:
...they were private loans,
AND:
...they were not not government guaranteed,
AND:
...they were not protected from standard bankruptcy law;
THEN:
...the problem would correct itself.

[John Locke]

I agree. Government do-gooders seem never to have learned a basic economic lesson: subsidies to consumers always end up being captured by producers. Just as Medicare and Medicaid funded an explosion in the cost of health care, so government backed student loans funded an explosion in tuition costs.

Some good might - might - have come of this if one consequence was improved teaching, but the opposite happened. The money was spent on ever more useless middle managers, Deans of Diversity, Profesors of Gay Studies, and content-free courses for the retards who were being dragged in by the false promise of a higher income.