to hear someone speak of taking away a chance to have a better educated population. While it is almost a certainty that student loans have lead to some inflation of institutional costs, he completely neglects to inform (if he even knows) that the largest cause is the consistently reduced state funding in more recent years. Most private universities are increasing tuition at a yearly rate of 4.5% while public facilities average closer to 7%. Public universities have to pick up the slack somewhere. Unfotunate for students these days, they're the ones who have to shoulder much of the burden upfront. These are the people who should be innovating, opening business partnerships, getting well paying jobs to buy consumer items so the economy can continue to operate and function.
Meanwhile, many of less-taxes-less-revenue-less-government bunch that are advocating reductions to financial aid and university funding, are the same ones who suggest businesses take their factories and offices overseas, leaving them much at the helm of the problem with the lack of jobs and absence of regulations for businesses to operate ethically in the US. No jobs in the US means less people to buy all the stuff being produced which in turn means less demand from a factory which can mean either lesser wages to factory workers or less positions in factories, which means even less people to buy items. Somewhere, someone has to be willing to inject money into the system by investing in the future, that means education.