Passage appears inevitable. Interest rates are low, and college tuition has skyrocketed in recent decades; with Washington spending $3.8 trillion this year, who wants to lose votes over a (comparatively) lousy $6 billion?
Neal McCluskey of the libertarian-leaning Cato Institute sees a missed opportunity for the GOP to make the case to voters that easy loans entice students to take out bigger loans. "They're not making colleges more affordable," said McCluskey, "because colleges are happy to raise their prices to take that money."
There's a rift in America between voters who believe that Washington aid has driven up tuition and Americans who believe that high tuition demands more aid from Washington. It's a tuition trap that keeps luring more Americans because the middle way is to do both.
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