Student financial aid

J.W. Pope Center: Who do student loans really favor? Students or Colleges/Universities? Take a guess.

We should phase out federal student aid programs. They do not make higher education more affordable, but fuel an academic “arms race” where spending is mostly for jockeying in the college ratings beauty pageant. And federal loans induce students to myopically borrow for college degrees that are apt to do them no good, a phenomenon one student wrote about for the Pope Center.
Government subsidies always have unintended consequences, usually overwhelming whatever benefits they were supposed to produce.