In response to:

Is The President Being Honest About The “Student Loan Crisis?”

Scrap Iron Wrote: May 13, 2012 9:12 PM
Adjust that figure for inflation, and what would the cost be today? And here I thought college tuition has increased because of the easy access to government money. The more money available, the higher the cost (because the government is paying for it).

Is President Obama right about a looming student loan debt crisis?

It depends on how you define “crisis.” But there is a problem, and it is real.

What remains to be seen is whether or not the President – or anybody else, for that matter – is willing to face the real problem in higher education. Financing an education is not so much a problem, as is the stark reality that the cost of tuition consistently goes up, even when the price of other things declines.

It is a fact that over the last decade many “adjustable rate” student loans were...