[yardie]

> 3) Students now have access to loans to go to any school they want

> 4) Colleges notice that they can raise price because students don't price shop

When has this ever been true. I applied to school many schools back in the day and it usually came down to finance and then reputation. Whichever school granted you the most tuition and living expenses, and wasn't steaming pile of shit is where 99% of my working class peers and I attended.

[JonFish85]

Speaking only anecdotally, friends who complain the most about college loans are the ones who took out massive (~$100k) loans to go to private schools. With some exceptions, private schools are likely not to be worth the extra money; problem is, loans are due later, but awesome "dream school" is now.