College cost

As the candidates propose free college tuition the problem of college cost bares looking into. Several recent studies have found evidence that other federal student aid programs drive of tuition increases Student loan debt rose from $480.1 billion (3.5% GDP) in Q1 2006 to $1,490.8 billion (7.6% GDP) in Q4 2017. The government took over the student loan program in 2010 and getting a loan is almost automatic. When private banks handled the loan there were restrictions based on the ability of the student to repay the loan. This was deemed unfair to low income families. Once tuition becomes free then colleges will raise the cost of other parts of education, things like dorms, food, books and fees.