Here is the reason why. 1. Businesses started pushing the cost of job training onto colleges. Then everyone had to go to college. 2. Colleges realized they we

Here is the reason why. 1. Businesses started pushing the cost of job training onto colleges. Then everyone had to go to college. 2. Colleges realized they were selling too cheaply when students could pay off tuition by working summers. They can't stop increasing the price because a competitor that kept increasing prices would use the extra money to become a better college than they were. 3. Because of 1 and 2, more parents and relatives became willing to help pay for college. 4. For people without parents or relatives that wanted to help, loans were the only way. Since it would be too "socialist" to directly reduce the cost of college, the government decides to hand off the subsidies to for-profit entities that have become an $85 billion industry in a program called FFEL. Instead of reducing or reigning in the costs of college, they do what any sane business does: increase profits at the expense of someone else (students). They form partnerships with colleges to get kickbacks for every student loan. And when all of you (including H-1B exploiters like Google and Microsoft) complain that the US is falling behind in education, more taxpayer money gets siphoned off into these corporations when a politician decides to get reelected again by keeping these programs in place. http://niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00170 http://niemanwatchdog.org/index.cfm?fuseaction=background.vi...