> How did any policymaker with common sense not point out that playing the loan game would only end up in disaster? This is your economy and government policie

> How did any policymaker with common sense not point out that playing the loan game would only end up in disaster? This is your economy and government policies on neoliberalism. Students are obviously just self interested consumers and the proper polices entail extracting at much money from them as efficiently as possible. Loans that are insured by the government are a high quality asset. And loans like that drive up the price of education. So even more. What's not to like?