I’m shocked that “easy money” loans given out indiscriminately to pretty much anyone who wanted them would now be in jeopardy from inflated tuition prices and borrowers who can’t pay the money back.
Well imagine that. Government-subsidized consumption inflates prices, which in turn prompts more subsidies, which in turn inflates prices even more until the entire industry collapses in a mess of unpaid loans and taxpayer bailouts.
Sounds…just like the housing market.
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