Many politicians would claim that college shouldn’t be free and that, in fact, the federal government, which is now a direct provider of many college loans, should pile interest onto student loans. I have two things I’d suggest in response, both of which speak to the systemic corruption of the United States Federal Government:
A mere $62.6 billion dollars! According to new Department of Education data, that’s how much tuition public colleges collected from undergraduates in 2012 across the entire United States. And I’m not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn’t even include loans.