For many decades, universities acted as though they had a public, charitable mission. That was especially true for state universities, but it was true for most private universities too. That’s largely changed. In the public sphere, taxpayers have noticed that (a) it’s mostly well-off kids who go to college these days, not children of the poor bettering themselves, and (b) this education is worth a helluva lot of money. So why should they be asked to subsidize a route to higher earnings for kids who, for the most part, already have a lot of advantages? The cost of college loans seems more and more like a simple financial transaction to them, not a crushing burden being placed on struggling youngsters
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The Cost of College Is Probably Going to Keep Going Up | Mother Jones
Weird, weird logic. No mention of the private loan industry, decreasing state funding for public universities because people think higher taxes are a sin, etc
