Originally Posted by Loneiguana
I just have to disagree with you on this. I don't think the Government is making college affordable for all because people still have to pay the loans back. The debt college students are incurring is very real and debt has a way to curve demand. I don't believe it has because, so far, the majority of people are in college because they think it will improve their life and get them a better job. I do not believe people are going to college because the government is backing their loans.
Government guarantees and subsidies for these loans distorts the supply vs. demand curve even if it's not as great a distortion as pure free money would be. How could it not?
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will