<p>"Why does higher-ed inflation never seem to end? There are many answers to that question, but a key one is the student-loan program itself. It is structured as a free ride for the colleges, who get their money whether or not they successfully educate students.</p>
<p>If a graduate fails to gain the skills needed for a job that’s sufficient to pay off student loans, that’s a problem only for the graduate and the lender (which these days is usually the taxpayer). The college has no skin in the game." …</p>
<p>[Unaccountable</a> Colleges Help Swell Student Loan Debt - Investors.com](<a href=“http://news.investors.com/ibd-editorials/062813-661864-student-loan-rates-spike-while-colleges-get-free-ride.htm]Unaccountable”>http://news.investors.com/ibd-editorials/062813-661864-student-loan-rates-spike-while-colleges-get-free-ride.htm)</p>