06-06-2015, 06:35 AM
(06-05-2015, 04:17 PM)StLucieBengal Wrote: Agreed.
Not backing loans would curtail costs. College's would be forced to drop rates and then budgets would come into balance.
It's econ 101....if you want more of something, you subsidize it. Been a while, but I remember a few studies that showed the benefits of cheap, available loans went to the banks and the universities. Liberals keep pumping the fist for students, but the students simply don't get those benefits. But in the liberal world reality doesn't matter (blame the rich!).
