Earlier quoted context omitted.
Student loans aren't a scam , they work just fine. Unlimited student loans are a scam. Unlimited tuition increases and colleges taking advantage of unaware students is a scam. Colleges don't seem to understand "no" or budgets to new, unfunded enterprises and try to go beyond their own means. They'll just raise tuition to compensate. The government has to cap student loans, just like it has to cap medical care costs o…
Government-backed student loans for undergrad are capped . They are capped around $32k total and are distributed on a gradually-increasing schedule. They also have been capped for decades now. So clearly that isn't the solution to the problem.
[0]https://www.investopedia.com/student-loan-limits-how-much-ca...