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I don't get why all the talk about college seems to be on loans and not about how you make colleges cut costs which is why kids have to get those huge loans. They're the ones that inflated their costs to ridiculous levels.
Of course, the way to make college cut costs is to make it harder to get loans and thus cut off the money spout that allows colleges to inflate costs in the first place.
That's why I couldn't fully cheer on that billionaire paying off the loans. Great for the kids that year, but not for the kids next year. The problem won't get better until we stop throwing money at it.
The solution, of course, is to stop having special government backed loans. People don't want that. How about you can't have government backed loans except for colleges that accept price controls. Price controls are horrible, but it's already a distorted market.
Really, I'm just for what will finally make the college squirm. If they like what's going on, you have a bad solution.
