I’ve said before I worry about the cost of college. I personally think a problem that has led to increased college costs is the proliferation of federal loans and assistance to college students. It’s a pretty simple economics argument that subsidizing student tuition leads to increased demand, and increased demand leads to higher prices.
I like Jim Geraghty, and I really liked his analysis of the recent student loan proposals from the government:
Obama’s college loan plan in a nutshell: “Presuming you have $28,000 in student loans when you graduate — if you have less, you don’t qualify — let me save you $4 to $8 a month in exchange for your vote; also, you get to stop paying your loans at age 41 or so, which will cost the taxpayers a ton, but I will have been out of office for a long time by then, so who cares.”