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Megan McArdle

Cheaper Student Loans Won't Curb Higher College Costs

Making student loans cheaper just offloads the problem of higher college costs onto the government.
Congratulations! Here's the bill.
Congratulations! Here's the bill.

Kevin Drum has responded to my post on student loans by arguing that while debt relief might not be the answer, we need to do something, because college costs are rising outrageously.

As it happens, I agree with Kevin: College costs are rising outrageously. Why is a topic of hot dispute. Still, there's no question in my mind that college costs are rising much faster than necessary to provide undergraduates with a solid education. The most popular candidates for blame: