Government Sucks
- May 9th, 2012
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Let’s just set aside our anarchist pretensions for a while and enumerate the many ways that government, that is our particular government, currently sucks.
Therefore I will occasionally post my latest gripe about the ways in which our government sucks.
Student Loan Subsidies & Guaranteed Student Loans Distort and Subvert Economics of Higher Education
Both programs are well-meaning and beneficial*, but as with most government programs they maximize the benefit to the entrenched elites (Banks, Corporations & Universities) at the expense of those they mean to benefit. By guaranteeing payment of student loans (regardless of subsidies) corporate “Educators” and even public universities (which are more and more run like corporate “educators”) are able to swindle students by charging whatever they can get away with for tuition.
Glorious competition, which is supposed to lower costs over time, is subverted by a system that has an endless supply of cash available whether you’re borrowing $10,000 to become a hair stylist or $250,000 to become a pediatrician.
Does it make sense today for a BA in English to cost the same as a BS in Computer Science? The banks always get their money. The schools always get their money. The students? They get all the risk.
*Which means they were crafted by liberals (both Republican and Democrat).