I think the writing on the wall is clear regarding student loans. The entire notion of taxpayer funded student loans is a scam on both taxpayers and students. It’s a system that allows the colleges/universities to charge any tuition they want and guarantees there will be an artificial demand. For about a decade at least 1M student loan holders default per year. Long before the defaults reached that high, everyone inv…
So you're saying that higher education is (yet another) public good that fails when turned in to a for-profit enterprise?
The problem isn't that university doesn't work. The problem is that the federal government has propped it up with so much poorly underwritten debt that the prices have ballooned beyond value delivered.
That would be fine if the audience taking the debt was rational. But the discourse around university is itself irrational. And the people taking the loans have underdeveloped brains that are bad at long term thinking.