Comment Re:Every good deed (Score 1) 149
Without public funding and guaranteed loans to get people into college: Gotta hire a good, hard-working entrant, train them, educate them, move them up.
With public funding and guaranteed loans to get people into college: Cash crop of cheap labor. Lots of risk on individuals (waste 4 years without job on education, possibly get oversupplied degree), the poor are least able to handle this risk, followed closely by the disenfranchised (anyone often passed over in the local culture, e.g. blacks or women).
Tax-funded college and government-guaranteed student loans benefit hiring businesses at the expense of the individual. This is hard to grasp because it looks like money and education and other tangible goods are being handed to the individual, while the market effects are more abstract and difficult to understand without having a huge amount of knowledge in the area.