[lotsofpulp]

The whole purpose of student loans is to allow politicians to simultaneously claim low taxes AND assistance to students.

Politician A says they will help students by funding higher education and lowering tuition, but will have to implement higher taxes than politician B who says they will help students by enabling students to borrow unlimited amounts of money from the federal government.

Politician B will win the election every time, because voters want lower taxes more than helping those below them in the socioeconomic order. Higher education facilities will raise prices because people that work at those facilities like more money than less money. The customers have infinite amounts of money due to being able to borrow as much as they want, and don’t have fully formed brains nor the requisite education or guidance to be able to calculate return on investment to make an informed decision.

[frockington1]

And the free money encourages people to go to college who probably should not. It's a predatory loan disguised as a handout to the poor. Nothing sets people up for a lifetime of failure quicker than $120k private school soft science degree