The main point here is that if a tiny little college like Hillsdale (Michigan) can afford to line up their own group of lenders and not participate in the federal loan program at all, then what is stopping other institutions, many with much richer endowments, from doing the same?
absolutely.
We need to get fully out of funding education and let the markets prevail.
Went to a public college graduaiton yesterday
Embarrassing on how self congratulatory the leftists all were about their commitment to diversity.
Most all of the diversity folks had a free college ride. Except it was not free, it was on the backs of you the tax payers.
Perhaps their commitment should be to giving people adequate education at lower costs.
And pulling back the goverenments right to license everything.
State licensing has turned into guilds preventing compitition.