For those interested in the actual policy rather than a rant: Giving loans to students is a 'market-based' approach; it allows the market to pick winners and al

For those interested in the actual policy rather than a rant: Giving loans to students is a 'market-based' approach; it allows the market to pick winners and allocate resources, via students choice of school, rather than the government. How does the government pick which schools get the funds? That doesn't make it a perfect policy, of course. I think grants to students or simply free education at public universities may be the best options. But that costs more money than loans.