>>7940975>College costs so much that the average person needs to make a loan to pay for itIt's actually the reverse. It's not that student loans exist because college is expensive, it's that college is expensive because student loans exist. Why do you think American boomers keep saying "If you can't pay for college, just get a part-time job"? Because in their days, that's how it worked: a part-time job, a summer gig, a little help from mom & pop and you could scrounge together enough to pay for college.
Over the past decades US tuition increased 8 times faster than wages because student loans (borderline limitless loans provided by the state unconditionally) ensure that every student can pay almost an infinite amount of tuition (though he'll have to pay it back at a later point). At that point universities -both private and public- would have to be retarded to NOT astronomically increase tuition fees. The irony is that abolishing student loans is the only way to make tertiary education affordable again (because then tuition fee will have to function according to the "you can't draw blood from a stone" principle).
