Expansion of credit available to fund a particular product or service, with no regard for credit risk and no free market forces, will simply result in higher prices. To find the reason for increasing tuition prices, look no further than the explosion in student loans.

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[–]Tom_Bombadil 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Over one million people have already defaulted.

Hopefully, they were approved for their mortgage before they defaulted on their student loan. This is an improbable scenario.