An ‘Unhealthy Relationship With Student Debt’

by George Leef

There’s a new Manhattan Institute paper by Judah Bellin on our absurd and dysfunctional student-loan system. The status quo, Bellin contends, insulates colleges from the pressure of price competition and has an adverse effect on both student incentives and those of the schools that want them. While our ultimate goal, I think, should be to get the government entirely out of college financing, the changes proposed in the paper are worth considering.