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Get Government Out of Student Loan Business

May 31, 2013 in Economics

President Obama on Friday appeared in the Rose Garden with college students to pressure Congress to prevent increases in interest rates on government-subsidized student loans. But Cato scholar Neal McCluskey says the event was a blatant, inescapable demonstration of what really drives federal aid policy: politics. “Politicians aren’t primarily driven by a desire to make college affordable,” argues McCluskey. “They’re driven by a desire for political gain. And that’s why we need them to get out of the student aid business.”

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Source: CATO HEADLINES

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