(From the College Fix):
HIGHER ED BUBBLE, STUDENT LOAN CRISIS AND BIG GOVERNMENT
By Christopher White
As interest rates on student loans get ready to double July 1, politicians from both parties have run around this month with ideas and promises about how they plan to help us poor college students.
In reality, they’re the ones causing the damage. The demand and cost for college degrees have exploded precisely because of federally subsidized loans, a big business for big government, expected to make $50 billion (with a B) profit this year on student loan repayments.
So students from the left-leaning Campus Progress, who recently gathered in D.C. to demand rates not be raised, miss the point. Beltway coffers will get a hefty chunk of change even if legislators don’t hike rates, which they likely won’t. READ MORE HERE