Same goes for education. Student takes out govt loans. Gives it to college. Student is broke and cant pay it back. Govt loses that $$.
Why put students thru that? Just have govt give the $$ to the college, they lose that $$ either way but at least the students arent stuck w debt
College is an investment. An investment is when you take your OWN money, and make plans to get that money back plus a profit. Government should not be giving people money for investments. We are 22 trillion in debt today, we don't need to see that number grow by giving more money away to people that should be providing that money for themselves.
Almost everything good that government does is an investment, such as public education, roads, utilities, defense, etc.
The investments government makes do not just help the individuals, everyone in the whole society.
Industry can not compete with other countries without more higher education, and if you allow the wealthy to have a monopoly on education, you create hereditary dynasties that are inherently corrupt, unfair, and undemocratic.
You also become a 3rd world nation without the skills for the country to compete globally.
So then you have foreign exchange students being subsidized by their government, to come to our country, get a good education, get good US jobs, steal all our proprietary intellectual property, and take it back to their country.
But I agree we should just subsidize the colleges.
That is the way it used to be.
I was just paying $100/semester when I went to the best in state, land grant, college.
Now I hear it is more like $15k/semester.