There's no reason you need subsidies for quality education. I as a private investor would happily extend loans (with interest) for a smart student from an unde

There's no reason you need subsidies for quality education. I as a private investor would happily extend loans (with interest) for a smart student from an underprivileged background to attend an excellent non-profit university. There's a high chance of them graduating, getting a good job, and paying me back. I would not, however, give loans for a mediocre student to attend the University of Phoenix. There's very little likelihood of that leading to a better life for them (and my loan getting paid back), and I fail to see why we as a society should subsidize it. Loans are great. They allow all kinds of people who can't afford high-return investments like higher education to buy them in exchange for sharing the profits. Why do we need a subsidy to facilitate this?