actually let’s think out of the box. no student loans.
No government support of higher education.
The billions of dollars of endowments that the elite universities have need to be put into play. Let them fund themselves and tax them to fund others.
No fed funding of schools will drop prices like rocks and get rid of many many schools
This hyper school industrial complex is a legacy of the Clinton years. His big gift to leftists everywhere.
Per Fedzilla, at the end of fiscal year 2015, the market value of the endowment funds of US colleges and universities was $547 billion.
They can loan out their own damn money.
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?