The Higher Cost of Higher Education is Due to the Lending Industry

  The higher cost of higher education: If you wonder why our education costs have increased from what they were so many years ago, look no further than government and student loans.
  You can afford to pay more when you are playing not just with money currently jangling in your pocket, but with money you will earn years down the road. There's a bigger pot of money available. And, if this is so, then it is also true the education industry can charge more if they have this bigger pile of money to collect from.
   Money you've not yet earned makes them richer. If they could charge no more than what a person could pay at the moment, they would not be able to charge so much. But, with the advent of student loans, more money was spread on the table.
   I have said, If you place more money on the table, somebody will sweep it up. It's one of the basic principles of economics. We've placed more money on the table, and they've swept it up.
   If we would reduce the price of higher education, we would take government out. No more student loans. Educators would then be forced to keep their fees within the parameters of what the students and their parents can afford.
   And, we would ban third-party loans and third-party collecting. If a school wants to extend loans, let it, but it must serve as its own collection agency. If we were to pull loans out of education all at once -- banning them, period -- it would drive the price of education down too fast. we need to correct our problem incrementally. So, allowing the schools to continue to collect while not involving third-party collecting will curb the lending practice while not subjecting the system to going cold turkey.
   It might even be wise to do these two things in succession, instead of at the same time, this in order to space out the impact. First, cut government loans, and, later, ban third-party collecting. Maybe even reduce government loans, at first, and then ban them altogether.