Published Wednesday, June 27, 2007 by Robert P. Murphy
The Student Loan Sunshine Act is the latest legislative attempt to crack down on student loan curruption. Straightforward as this act seems, writes Robert Murphy, it will fail to address the true causes of corruption in higher education. Stronger proposals, such as to bypass the private lenders altogether and have all students get their loans directly from the federal government, would be disastrous. At root the problem is massive government subsidies and regulations, and more of the same will only make the situation worse.
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The Student Loan Fiasco: Made in D.C. (1.01 MB)