> In both cases the government provided massive subsidies in the form of loans and tax breaks.
These subsidies were for sellers of college, not for the buyers of college. In fact, it was the students subsidizing the school and beneficiaries of the school such as the staff and school’s vendors, via the students’ future income, underwritten by US taxpayers.
These subsidies were for sellers of college, not for the buyers of college. In fact, it was the students subsidizing the school and beneficiaries of the school such as the staff and school’s vendors, via the students’ future income, underwritten by US taxpayers.