But a college education is SO much cheaper now because government jumped in and made it affordable.
As soon as the government took over the student loan programs from the banks, colleges and universities started raising their tuitions, knowing the government was paying now. Typical liberal idea.
As tuitions and ancillary costs like on-campus housing and cafeterias, took off, student loans got bigger and bigger just to pay for the greed of the universities.
Anytime the government is involved in anything, it is more expensive, usually much more expensive.
The solution is to throw it back into the private sector where completion will drive down the costs and, in turn, the student loan amounts.