How student loans are ruining American higher education

Student loans are a flashpoint in American higher education culture, particularly as more and more young people borrow higher and higher amounts of money, going deeper into debt for degrees that are worth less and less each year. As Rebecca Jude and Chauncey DePree put it at The Federalist, this massive influx of cash is “destroying higher education” in America. As the two note, a college education was long considered a necessity for anyone looking to avoid poverty. Yet these days, they say, higher education is awash in “an effectively unlimited supply of cash,” one that schools can “squander without any requirement to improve.”

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