Our guest writer in this week’s this week’s Clarion Call, Hillsdale College president Larry Arnn, describes the entirely private, voluntary system of financial aid his school adopted in the 1980s when it was forced to choose between financial independence and federal control.

If the feds had never gotten involved in student aid, undoubtedly we would today have many schools with similar programs, and there would be an array of non-governmental financing mechanisms. That would be much better than the politicized, crisis-prone miasma of federal programs that we have.