Comment Comment by Octokiddie 1. Flood the higher ed market with low-quality federally-guaranteed loans.2. Witness the explosion of enrollment in low-quality colleges and universities.3. Notice the spillover effect of (2) into every corner of higher education, in the form of higher tuitions everywhere.4. Watch as (2) leads to ludicrous debt burden on college grads.5. Wring hands about out-of-control cost of college, leading to higher demand for loans.Rinse and repeat year after year.What would happen if federal student loans were phased out across the board? parent Octokiddie 2 years ago
2. Witness the explosion of enrollment in low-quality colleges and universities.
3. Notice the spillover effect of (2) into every corner of higher education, in the form of higher tuitions everywhere.
4. Watch as (2) leads to ludicrous debt burden on college grads.
5. Wring hands about out-of-control cost of college, leading to higher demand for loans.
Rinse and repeat year after year.
What would happen if federal student loans were phased out across the board?