Federally guaranteed student loans exceed $120 billion every year. That is a massive subsidy, and it may be increasing costs for more people than it helps. The

Federally guaranteed student loans exceed $120 billion every year. That is a massive subsidy, and it may be increasing costs for more people than it helps. The glut of admissions being able to pay artificially high tuitions is emboldening administrators to add more dormitories every year, expand the administrative class, and build rec centers -- raising tuition even further. > Last year, FSA provided more than $120 billion in federal grants, loans, and work-study funds to approximately 13 million students at nearly 6,000 participating schools. https://www2.ed.gov/about/reports/annual/2017report/fsa-report.pdf https://www2.ed.gov/about/reports/annual/2017report/fsa-repo... The damage from existing poorly designed government subsidies should be fixed before we issue any more blank checks - otherwise we'll all be stuck paying for artificially inflated university budgets.