True, but it's also worth taking a systematic look. Universities can freely raise their prices because there's an infinite amount of government-guaranteed loans

True, but it's also worth taking a systematic look. Universities can freely raise their prices because there's an infinite amount of government-guaranteed loans to fund them. Notice how universities are affordable in most countries without this system. The government essentially distorted the market, with colleges reaping all the upside and virtually no downside. If the government wants accessible public education, the easier solution is to fund colleges directly instead of going through a middleman that'll skim a lot before delivering that service (the student loan ecosystem).