Education
Colleges and universities have been over charging students and taxpayers for decades.
When I tell college students today that during my first year at the University of Tennessee tuition was $90 a quarter, gasps go through the room.
Students used to be able to work part time and pay their way through college, and it should still be that way today. Almost no one left college in debt in the1960’s and early 1970’s, but today almost everyone does.
If I went to any college campus and told those students that the Federal Student Loan Program is one of the worst things that ever happened to them, they would stare at me probably in disbelief. And yet it really is one of the worst things that ever happened to them, because throughout our history, college tuition and fees went up very, very slowly, and went up at the rate of inflation or even less until that loan program came in.
And now, ever since that program came in, tuition and fees are three or four or five-hundred percent higher than they would have been if we'd just left the thing totally alone.
The only way to get college costs down is to reduce federal loans at colleges and universities that do not hold their increases to the rate of inflation or less.